FX:USDCAD U.S. Dollar/Canadian Dollar
In order to recover from my loss on USD/CAD , I have found a in the market at around 1.20090. this pattern looks pretty strong and i predict that the market will reverse to the 1.618 extension of the BC leg of the . I have placed my short as high as I would consider the pattern effective, and my stop at the top of the Garltley pattern. Obviously my limit is placed at the 1.618 extension of the BC leg, leaving us a roughly 2:1 risk reward ratio. if the market rallies higher than the stop, there is a chance for a deep , so check back in for a market reversal. As always, don't forget to like, comment and follow. Good Trading!