USD/CAD: 4-hour
Somebody holler at Happy Pip and point out this comdoll setup! USD/CAD looks like it’s headed for the 1.1000 major level, which is right smack at a 38.2% Fib on the 4-hour chart and a previous rising channel support. Not only that, but Stochastic is also in the overbought territory. Watch your candlesticks closely if price reaches 1.1000 and see if you can spot trades with good risk ratios from the pair’s reaction to the Fib area.
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