FX:USDCAD   U.S. Dollar / Canadian Dollar
We have 3 Moving averages below price on 4h

We see an uptrend but price rejected 1.2625 level multiple occasions
As a result it is possible that price could break through,
However I believe price will correct itself as people take their profits before price then rejects support and creates a new high.



Trade closed: target reached: So price closed above resistance, then retested it once and went up.

This is due to momentum which I didn't explicitly say but did mention 'Price could break through'.

id say this is a

W

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So price closed above resistance, then retested it once and went up.

This is due to momentum which I didn't explicitly say but did mention 'Price could break through'.

id say this is a

W
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