USDCAD has rallied sharply and I think forex traders will look to take some profits inside its resistance level from where I think we will see a reversal. I have entered my short position in this currency pair as I expect it to trend lower and I will enter more short positions every 50 pips higher from here until we reach 1.2040.Traders will seek good short entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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