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USDCAD Formed Pin bar on Resistance | July 10, 2017



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After breaking support level at 1.2920-30 zone, this pair retests its broken level again. This support zone now turns into resistance area for usdcad. It has formed pin bar on h4 from new resistance level. Now we can expect some bearish movement on this pair. We can open sell entry and SL will be above resistance; around 1.2935. Tp will be 1.2820 and then 1.2780 level. 

Another important resistance lies on 1.3000 zone. So if we find this pair in that zone, then we can prepare for sell again with putting SL above 1.3030 and TP will be 40-100 pips from the entry point. 

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