riandouma
Short

USDCAD Longterm SHORT

FX:USDCAD   U.S. Dollar / Canadian Dollar
67 4 4
Target might be a bit ambitious. Will manage it accordingly
saw this in monthly chart. but the pullback is not even 38.2%
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Frozenhead pipstrading
I think in this case the wedge formation was pullbaack
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fdtbeijing Frozenhead
January's parabolic movement will explain why the pullback may not reach .382 fib level. still hope it will reach 1.35 for a big short. but consider the strong performance of other commodities block currency, especially NZD. i think UC should be in a downtrend and no chance for another rally to 1.32+. In anyway , we should set stop loss for every trade.
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riandouma pipstrading
If you are a Fibonacci trader yes, the pull back might be a bit shallow. I try to keep things simple . Support - Resistance will do it for me. Well, GOOD Support - Good Resistance. Price is in a downtrend, bulls have been trying to take control of the market since April, but no success. 1,2775 support coming up, so will need to manage it and see if it can break through.
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