On the USD/CAD 4hr chart we see a bearish butterfly has formed. We expect price to fall from this high extension since the pair was ranging before this breakout. I believe the price is at a good point to go lower, good time to sell. Look for bearish evidence before taking this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.