USDCAD: Price broke out of long ranging market Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 16, 2015 8:04 AM

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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USD (US Dollar)FXP tpp breakout