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TrapStarTrader

USD/CAD Short Play

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TrapStarTrader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis USDCAD trend 200sma Relative Strength Index (RSI)
6
0
trendanalysis usdcad trend 200sma relativestrengthindex
Analysis
-USD/CAD in new found down trend on weekly chart.
-Retraced back into the .618 on Fibs
-Retraced back to daily 200 SMA where we can see some consolidation.

Look to short this pair
-SL at 1.3524
-Enter at
-1TP at 1.3022
-2TP at 1.27355
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