WiseAnalyze

Bounce within descending channel

WiseAnalyze Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

At smaller timeframes like this chart first signs of reversal. At higher still within downtrend. But that is the bottom of downtrend channel, so we may expect a bounce.

Possible long entries with tight stop loss below 1.3760.
Targeting 1.383 resistance and area above it till 1.386 (50-85 pips)

Trade closed: stop reached

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