USDCAD profit target reached perfectly, watch for a reversal

FX:USDCAD   U.S. Dollar / Canadian Dollar
Sell below 1.2582. Stop loss at 1.2702. Take profit at 1.2407.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell once we reach major resistance at 1.2582 ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ) where a strong reaction should push price down to at least 1.2407 support ( Fibonacci retracement , horizontal overlap support).
RSI (34) is seeing major resistance at 61% and a strong corresponding reaction could occur from this level soon. --> join the waiting list for our free live trading room!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out