24 Feb Weekly Forex Forecast (Feb 25 – 1 March -2019
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USDCAD Watching for more downside going into the upcoming week as price has made a break below mirror level at the 1.31650 region. Will be watching for price to find new resistance at this zone for price to then make its way back down to the major ascending where ill be monitoring price for a breakout to resume its downtrend.
Looks like it is against a big resistance again. On the right, as long as we stay below that red resistance, it suggests the high is already set as well. I am going to do 2 trades here, a scalp (chart on the right) and a day/swing trade. Both different stops but almost the same. Both have a good R/R, especially the bigger trade so worth the risk at this spot.
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