Another potential trade setup for the next week is in usd/cad. The support level around 1.3100 hold very firmly , so in general the price behavior is bullish. but i think entering a long position is not a good trade. first of all price has broke the trend line . next there is some major resistance ahead around 1.3180-1.3200 (1.27 fib extension of A- B, Price rejection for couple of times) . So if the price could not break this level ( what i mean by breaking the level is, get pass it with a strong bar and have follow through for couple of bars). then i will enter a short trade around that level . And for a successful break of 1.3200 level , enter long on the pull back .
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