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rauan
Dec 11, 2015 5:34 AM

USDCAD to test 1.3690 resistance Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has come to dynamic resistance line at 1.3690 which starts from 18.Mar and 29.Sep highs. Expect reversal to downside from the level targeting lower line of the narrowing triangle (yellow) in 1.3380 area.

Trade active

Day close below 1.3703 (trend line projection) - sell entry.
Comments
rauan


We have 3rd test of blue support line since week start. Close below it confirms sell entry.
Mozarellas
What's next???
rauan
Day close below 1.3703 (trend line projection) - sell entry.
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