CONFLUENCE! CONFLUENCE! Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Oct 14, 2015 12:40 PM

USDCAD is in a downward correction mode.

The pair has reached the 0.382 retracement of the CD leg. (partial profits booked)

More downward movement is expected a point of confluence between:
- 0.5 Fib retracement.
- Major support structure
- Trend line support.
Its good to sell.

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