USDCAD has almost completed a bearish butterfly I would sit my hands before going short on this one as price has not fully reached the 1.27 yet with a possible push to the 1.618 level. Price has reached a resistance zone however in line with 1.27 extension level
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This is a counter trend trade, if you look on the weekly you see its starting it turning point to the up side. Take profits at key fib levels