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pipsalert
Oct 12, 2016 9:18 PM

USDCAD - Short; D1-W1 Analysis Short

U.S. Dollar/Canadian DollarFXCM

Description

Short on the USD/CAD; we see a good consolidation from the weekly trend lines and also support/resistant lines.

I believe it's going to end up breaking that bottom last wave of bulls (trend line) and then journey into the green zone.

Comment

80 Pips already on the short --> headed for 153 and then if we get that breakout of the triangle / trend line, its going for around 300 - 400 pips I believe.
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