USDCAD Area of Interest

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 5, 2015 3:53 PM

Price is nearing the 4h shelf. I would like to watch price action as it get near. You could set up a long trade with a tight stop and good risk/reward. The 1.24 level marks around a 400 pip pullback since the start of February. Only time will tell.