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Title
USDCAD, H4 | Potential for Bullish Rise to recent swing high
Type
Bearish Reversal
Preference:
Looking at the H4 chart, my overall bias for USDCAD is slightly bullish as there is a key support level, Looking for a buy entry at 1.33408 where below the overlap support. We are looking to take profit at 1.34706 which is the overlap recent swing high.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.