Channel break correction Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jan 7, 2015 2:39 AM

USD got ahead of itself vs. the CAD, Unlikely for the USD to continue rising out side of the six month+ channel

update: took a loss on this one, stopped out at 1.20 200 pip loss, not looking to go short anytime soon.