Hi Traders,
found sell opportunity in USDCAD to perform the basic strategy of fibonacci that is entry at 0.618 fib and exit at 1.27 fib with risk and reward 1:2 as usual for this trategy.
In the last analysis i stated that i want to short USDCAD.so this time maybe a good time to add more position if the price make small correction to 0.618 retracement.
So Good Luck and Trede Wisely
found sell opportunity in USDCAD to perform the basic strategy of fibonacci that is entry at 0.618 fib and exit at 1.27 fib with risk and reward 1:2 as usual for this trategy.
In the last analysis i stated that i want to short USDCAD.so this time maybe a good time to add more position if the price make small correction to 0.618 retracement.
So Good Luck and Trede Wisely
I'm out of this idea since it is already went down.
A good trade for the one that able to catch this trade.