FX.co ★ TST as the Foundation for Medium-term Trading
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TST as the Foundation for Medium-term Trading
Worked on the level 1.4085 yesterday in usd/cad, and now it remains to consider whether this blue scenario is sufficient to go down again, or if a new high needs to be updated. Today's blue scenario implies working out the pattern H&S through the neckline, but if so, it becomes logical to reach a new high before starting a new decline. On the other hand, if not a high, then a decline is also possible, but its prospects are vague and distant, I think. So for today, I am looking at the exit on the blue to the neckline in the first place, and then we will see.
