USDCAD Short Trade *LOWER HIGH FORMING, WEEKLY RESISTANCE*
Price rejected 15 year highs @ 1.46500 area and is now selling off. On the 1hr I like the break and retest of intraday support at the 1.44400 zone (box on chart). There is the fib 0.618 retracement level at this zone also.
I can see price rolling over now and coming back down to the lows at 1.41500.
In that area is a bullish trendline taken from the 1hr chart and lows/support from last weeks brief sell off.
I can see price rolling over now and coming back down to the lows at 1.41500.
In that area is a bullish trendline taken from the 1hr chart and lows/support from last weeks brief sell off.
Trade active
Trade closed: target reached:
TP1 reached and profit target 2 @ fib -0.27 extension reached
