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Thread: Analyze pair USD/CAD on time frame 4 hours

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    Elder Analyst basim's Avatar
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    Arrow Analyze pair USD/CAD on time frame 4 hours

    Pair analysis
    USD/CAD
    On the 4-hour time frame
    **********************
    , the pair is moving within the ascending channel according to the Bollinger Band and now the price moves from the bottom line of the index targeting the top line at 1.32821
    Breaking this level qualifies the price to go up to
    1.33217
    .......
    The other scenario
    The drop from the middle line of the Bollinger Bands, where the price is moving, will set the price down to 1.32252, the first bearish target
    Then 1.31820
    *****
    The general trend is currently bearish but the downside scenario is changing if the price breaks the upper line of the Bollinger Bands
    ********
    Note from account ...
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    Attached Thumbnails Attached Thumbnails Screenshot_2019-01-17-00-08-24.png  
    Last edited by basim; 01-16-2019 at 09:38 PM.

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    Elder Analyst basim's Avatar
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    The pair has already rallied to 1.32821 and then fell strongly and reached the target of 1.3252, and indeed the bearish trend is strong despite the rise of the price and the achievement of the upside target 1.33178 again fell according to the Bollinger Band item after forming more than the behavior of the price of a sell and so far controls the long term decline with the fluctuation in the term Short between the supports and the resistances that were tested

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