USDCAD approaching downside confirmation, potential drop !
Price is facing bearish pressure from our downside confirmation, where we could see a further drop towards 1st support if price breaks below the downside confirmation at 1.3152. EMA is also showing more bearishness to come.
Reason for Entry:
100% fib extension
Take Profit :1.3106
Reason for Take Profit: 161.8% fib extension
Stop Loss: 1.3193
Reason for Stop loss:
Horizontal swing high resistance
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