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PHL
Sep 29, 2016 9:07 AM

USDCAD 2618 (3618?) trade setup on hourly chart Short

U.S. Dollar/Canadian DollarFXCM

Description

We failed to make a new higher close on the daily chart. If we go to the lower 1H timeframe we see a triple top and break of structure to the downside. Therefore looking to short this as a 2618 trade again at the 61.8 fib (technically it is a 3618 ;).. but I dont think that terminology exists). So a good chance again after a failed 2618 trade on the 4H this week (stopped out at 1.3281.. madness).

Trade active

bullseye entry at 61.8 and now approaching targets at 1.3050
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