"Top and Bottom Analysis" on USDCAD by ThinkingAntsOk
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4H Chart Explanation:
- Price is currently on the top of the Ascending Wedge. - It has potential to move down towards the bottom of it. - Bearish Divergence on MACD. - If price breaks the Wedge and the Ascending Trendline at 1,3326, it has potential to move down towards the Support Zone at 1,3122.