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USDCAD Gearing to Move Higher Next Week?
The USDCAD has been slow to develop since its recent parabolic move. Following the March rally that took the pair over 1,000 pips higher in just eight days, the price action has been subdued. Consolidation like this after a massive rally isn’t surprising, though. A market needs time to shake out weak hands if it intends to rally further. Consolidation, like we’ve seen from USDCAD recently, is a requirement for me to consider playing the next leg. Furthermore, as you can see from the chart below, the USDCAD has carved what appears to be a bullish flag pattern. It isn’t what I would consider a conventional ... (full story)
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- May 15, 2020 3:13pm May 15, 2020 3:13pm
- kingleeny
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Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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