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analitykFX
Jan 8, 2017 10:33 PM

USDCAD - big short possible Short

U.S. Dollar/Canadian DollarFXCM

Description

This uptrend since few months for me looks like correction before next down impulse. That's why I am prepare for 2 scenario.
Sell stop below trend line and sell limit close to the top where 0,61 fibo is. Right now as you can see we have strong resistance near 0,50 fibo.

TP's are on pic.

Comment

Price made a nice trendline re-test so now we have position with just amazing R:R !

Comment

here we go :)

Comment

TP1 reached, now get ready for next wave after correction:

Trade closed: target reached

TP2 reached
Comments
jojofang0901
Beautiful trade setup, thank you for sharing your view. I have similar idea as well on this pair.
analitykFX
@jojofang0901, Thanks !.
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