Following the break of a major support level, we can expect a pull back to this region and for it to act as resistance. Waiting for the right price action signals at this level in order to take any short position.
USD/CAD has broken through support and has been rested three times, I've used the 4h timeframe to check the prediction and also used the 2hr/2hr timeframe to enter my trade.
I have used a XACBD pattern which shows a bearish cypher pattern. A new triple top has emerged which would indicate that the market will fall heavily.
Hope this is beneficial and everyone ...
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