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USDCAD Intraday Forex Signal: Triangle Breakout Update: TP3 Reached 60 Pips

USDCAD Intraday Forex Signal: Triangle Breakout

Technical Overview And The Pattern: USDCAD tested MA200 resistance on H4 chart and rejected. Loonie broke the triangle. Bearish continuation is predicted.

The trade setup is:

Trade: Short

Time Frame: H4

Trade Period: Intraday 

Estimated completion time: 2-4 H4 Candlestick

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On Triangle Breakout

The accuracy of the pattern: 93 %

Recommended Lot Size: 0.10 at 10K

Area of the Entry: 1.32810

Stop Loss: Below 1.33050

Target 1: 1.3266 / Reached

Target 2: 1.3244 / Reached 

Target 3: 1.3225 /Reached

You can follow the setup: USDCAD Triangle Breakout

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

USDCAD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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