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Doublebullchuck
Jul 6, 2016 5:23 PM

USDCAD set to retest neckline Short

U.S. Dollar/Canadian DollarFXCM

Description

The forest isn't hiding this Bigfoot. Is the right shoulder formed enough?

Comment

Put a very short leash on this short. Price action looks likely to make new highs knocking out shorts and triggering new buyers. I was afraid that right shoulder was not done forming. My bias is still bear but this correction could continue. Watch for the RSI trend line breach.

Comment

Target coming see 1 hour chart for short entry information

Comment

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