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USD/CAD
Strategy: Pending Long
A Morning Star bullish candlestick formation at support marked by the mid-line of a falling channel set from the swing top in February hints that USDCAD may be positioned to reverse higher. We will look for confirmation on a break above the channel top (now at 1.0123) to enter long.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at ispivak@dailyfx.com
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