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NikolaiiLodenos
Jul 4, 2019 2:50 PM

USDCAD Short to 1.2776 BTW 1.2400 Short

U.S. Dollar/Canadian DollarFXCM

Description

We are in an immense bearish channel draw in mauve. or in this great trend 2 channel also it is to draw we broke the most recent upstream channel, which weighs a retracement of 78.6% of Fibonacci at most for a TP. We can rebound on the 38.20% but not with a powerful movement if it happens. I know that it is the Canadian who invented the egg box, but this does not justify increasing their currency. I laugh, of course. I think short is not a bad idea.
Comments
Bullandbeartrading
Great analysis buddy, @NikolaiiLodenos
NikolaiiLodenos
@Bullandbeartrading, Thanks for the compliment
TradingShot
Excellent long term illustration! Keep it up!
NikolaiiLodenos
@TradingShot, thank you
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