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JamesCorreia
Nov 26, 2013 3:55 PM

USDCAD 60min setup Long

U.S. Dollar/Canadian DollarFXCM

Description

We have bullish Butterfly pattern forming in USDCAD 60min chart. We also have structure coming in, fibonacci confluence (61.8% of recent uptrend and 141.40% extension from AB) and even number (1.0500). Look to buy at D completion 1.0497. Never forget to place stops below close structure and target at least at AD 38,2% retracement. Workout your RR of preference.

Best regards
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