akyong
Short

USDCAD: Price broke out of long ranging market

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price finally broke out of a ranging market after yesterday BOC             event.

The downward potential here is simply awesome. The risk to reward ratio itself is worth taking a shot.

Should price retest the 1.2375 to 1.2400 region, we can look for a short opportunity with targets towards 1.1985 and potentially 1.6660.

I would love to hear your opinion, feel free to comment, agree or disagree.

------------------------------------------------------------------------------------------------------------------------------------------------------------------

Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at https://www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!

Have a great pipping day!
http://www.fxpipsology.com/
https://www.facebook.com/fxpipsology
Cheers,
KY
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
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