Thursday, August 15, 2013

USDCAD PRICE ACTION:Fakey Trade Setup. August 15, 2013

USDCAD has faced significant bullish rejection within its supply zone. A Fakey is a failed attempt for price to move in an opposite direction to the established trend, which is what we have on the daily chart of the USDCAD. If this setup up pulls off, it would be expected that price will aim to reach 1.0200 and then 1.0100.

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