Jroge107

USDCAD: Divergence Trade

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Quick setup for next week. Divergence & a possible "stop hunt" to the upside. Two ways to play the trade; first would be sell limit in hopes for a retest of .618 or, second would be a break lower and retest. Target area is roughly the .50 fib of this move which brings us around some potential support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.