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.

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KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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