FX:USDCAD   U.S. Dollar / Canadian Dollar
1. The market has made a repeating structure that I think the market is going to repeat again.
2. The market has also been retesting the 0.5 golden zone on the Fibonacci a lot so there is a scale in opportunity to scale into the trade once the market breaks the 0.5 institutional line.
3. Also the market is trading a range and has recently tested the bottom of that range therefore it is likely that the market is going to now test the top of that range which is where the take profit for this trade is set

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3 POINTS OF CONFLUENCE

1. The market has made a repeating structure that I think the market is going to repeat again.

2. The market has also been retesting the 0.5 golden zone on the Fibonacci a lot so there is a scale in opportunity to scale into the trade once the market breaks the 0.5 institutional line.

3. Also the market is trading a range and has recently tested the bottom of that range therefore it is likely that the market is going to now test the top of that range which is where the take profit for this trade is set
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