MEX_Exchange
Short

USDCAD profit target reached perfectly, prepare to sell

FX:USDCAD   U.S. Dollar / Canadian Dollar
Sell below 1.2844. Stop loss at 1.2900. Take profit at 1.2708.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell on major resistance at 1.2844 (Fiboancci extension, Fibonacci retracement , horizontal overlap resistance) for a push down to at least 1.2708 support ( Fibonacci retracement , horizontal pullback support).
Stochastic (34,3,1) is seeing major resistance at 98% where we expect a corresponding drop from.
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