One last drop before the big push.

מעודכן
It's kinda obvious for me that the USD will dominate CAD during the following months.
With the increasing probability of 4 rate hikes from the FED and sluggish oil prices, I see nothing but weakness from CAD.

Long term trendline approching, placed short entry at 1.32, SL at 1.33, TP at 1.28 (old resistance now found as support).

Since the long term trendline could be pierced without significant resistance, I also placed a buy entry at 1.33 (with TP @ 1.38)

Happy trading !
עסקה סגורה: היעד הושג
Target reached (yay !)
Need to break above 1.315
Should not be a problem in my opinion but it could takes some time (1 week ?).
Got 2 buy entries, 1 @ 1.28 and 1 @1.312
הערה
Re-opened LONG @1.2910.
Target 1 : 1.30
If clearly broken ;
Target 2 : 1.32
הערה
Re-opened LONG @1.32
Target 1 : 1.325
If clearly broken ;
Target 2 : 1.335
Chart PatternsfedhikeTrend AnalysisUSDCADWeekly Charts

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