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BEARISH BIAS CONFIRMED-BREAK-OUT!

This week, oil got a major pullback with high reports . Besides we have the BoC’s rate decision statement yet to release. It has the power to bring any changes in market.
 
In a hour time line,the momentum of the signals traveled in a major trend line (shown in graph). In that we have a proof for impulse and its corrections.
By the above reasons i am expecting a break-out and a bearish act.
And the fall up-to 1.29245
 
POINTS TO BE REMEMBER:
 
Entry: 1.30088
 
Pair: USDCAD
Order: SELL
 
Stop loss: 1.30586
 
Take profit: 1.29245
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Forextamil

30 May 2018 3:34 pm Posted by tamilforex

 
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