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JasonSong
Jul 14, 2015 3:09 AM

USDCAD H4, ascendign space limited, long term for short 

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD H4, ascendign space limited, long term for short.

I have to say, this pair really makes me confused recently.
So I started from the most basic aspect—— candle sticks. And I found the "intensive trading area" locates 1.28040-1.28250 in H4, which is also the "ab=cd" pattern.

So, right now, this pair still has some driving power going up, once hit theabove mentioned area, it will hopefully go down.

Thank you and your comments will be greatly welcomed!

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