A Fakey has been spotted on the daily time frame of the USDCAD at the close of trading today. The Fakey Setup is a false break setup. A situation where price makes a false attempt to breakout of a consolidation as is seen in the chart above. I had anticipated this fakey therefore made an early entry at about 1.0538 with target at 1.0438. This trade should offer about 100pips if my tp is met.
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