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Rabo
Aug 13, 2018 1:24 PM

USDCAD SELL (consolidating channel) Short

U.S. Dollar/Canadian DollarFXCM

Description

Price of usdcad is consolidating after price opened bullish leaving a price gap on monday morning, currently price of usdcad is moving in a bearish channel with price showing rejection from top trendine of channel where price touched and reversed from a resistance trend line on daily close. Price is expected to refill gap at 1.3i3 level where a bearish trend below this level confirms our bearish signal assumption. Traders can sell after trade confirmation after breakout of 1.313 region and a retest of level occurs with takeprofit 1 and 2 at 1.30631, 1.3040 consecutively stoploss at 1.31900 and entrypoint at 1.31 region for 120pips . goodluck

Trade closed: target reached

takeprofit1 achieved.
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