USD/CAD 02.09.2016
D1 chart
Long-term upward trend, mid-term consolidation, price at the upper end of the channel up to diagonal and horizontal resistance
Price action signal - 2 equal pin bars at levels of horizontal and diagonal resistance
Technical indicator:
CCI(50) - turnes from 100 - negative signal
SL: 1.3200
Alternative scenario: If the price goes above the peaks of the two pin bars, this will change the negative scenario.
ATTENTION: Today are waiting for the Non Farm Payrolls data. If the new are positive for the US dollar, we will see a a drastic rise in USD. During the news there will be high volatility.
Jr_Trader_B_Arabadzhiev
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