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For the last 4 weeks USDCAD has put in 4 doji indecision candles. Some people incorrectly call doji candles reversal candles. They don't have to be. However in this case I believe they are. My trade of the week 2 weeks ago was LONG USDCAD and although I made pips on the trade, the price fell back. The signs are though that USDCAD BULLS have taken control of this market. I'm in from 1.2080 and I expect this to be the start of a major move north. Its fair to say though that this is trading and nothing is certain and I have certainly been wrong before. But in the other had I've also been right. This is trade has exceptional risk/reward and my stop is already at break even. I expect price to return to 1.25 over the next few weeks.

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I think if the price breaks above 1.2140, the first target at 1.2280

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