TheCaffeinatedTrader

UsdCad Moving Up Again - Double Bottom on Major Support

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
- Double bottom on major support zone
- Break of trend line with retest and rejection off trend and minor support

First Targets - 1.403
Second Targets - 1.411
Comment:
- Topping out at trend line with structure resistance
- Monthly and Weekly pivot points suppressing price
- Strong volume on the hourly spinning top hinting at selling pressure
Trade closed manually

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