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USD/CAD, serious resistance levels

USD / CAD: H4 Trend descending.

Price below 23.6% Fibonacci.

Serious resistance levels.

Lasting negative tendency.

indicators:
DeMarker, above 0.7, rotating in downwards gives confirmation signal for short.

Price above 50SMA
Testing 200SMA

SL: 1.305

Alternative scenarios:
A breakthrough of 23.6% Fibonacci, can lead to a bigger correction.

Jr.Trader-G.Bozhidarov


 Varchev Traders


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