Will USD/CAD now pull back before another move upwards?

FX:USDCAD   U.S. Dollar / Canadian Dollar
184 2 3
Looking at a short on this pair back down into the 1.2525 area before maybe another push back upwards! Price now in a key structure level (weekly/daily) with two fib extensions and one fib inversion lining up! RSI is overbought and a double top with divergence (4 hour) may signal exhaustion? Also have harmonic legs for good measure!

Risk reward could be anything from a 1:1 up to a 2:1 depending on your requirements.

Looking forward to seeing how this one plays out and as always any comments and or constructive critisism is welcome!
been long since 22nd June. I agree this is where problems for the pair may arise.

We'll see!

+1 Reply
SmartTradingFX TomProTrader
Thanks for your comment Tom! Good work being long for the past two weeks or so!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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