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DariusAnucauskas
Jul 26, 2017 9:51 AM

USDCAD - 60 - Getting squeezed. Short

U.S. DOLLAR / CANADIAN DOLLARICE

Description

I think today, with the FOMC, it could shoot out of this squeeze. My sentiment is to the downside, because there are key levels (2016 May low), which could be touched.
But the market likes to surprise us, so you can put BUY and SELL orders for capturing a few pips.

Potentially, you could do this:

BUY order:
Entry - 1.25180
TP - 1.25500
SL - 1.25000

SELL order:
Entry - 1.24915
TP - 1.24550
SL - 1.25100


As always, keep an eye on the price action!
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