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CROforce
Apr 20, 2016 9:03 PM

Short opportunity on USDCAD 15min chart  Short

U.S. Dollar/Canadian DollarFXCM

Description

We are in the downtrend on Daily and I am expecting price to come down to 1.25673. I was looking for a place where to enter the market and I have found one on 15min chart.
Price has moved to 61.8 Fib Retracement and we have some fib confluence in this area which gives me a sell signal. My SL is above previous high with TP1 at the retest of previous low and TP 2 would be at 1.272 extension of previous HL and LL which also coincide with previous Daily support
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