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Feb 24, 2016 9:30 AM

USDCAD Short (reverse above 1.3900) Short

U.S. Dollar/Canadian DollarFXCM

Description

Note: Signal line on Stock RSI has not crossed over and RSI is neutral. Pays to wait for a bearish candle.

1.3630 is key support.

Sell into
1.3630
1.3540 2:1 Reward Risk
1.3450 3:1 Reward:Risk

Look to phase in a 3x reversal (and go long) between 1.3840 and 1.3870

Comment

1.3630 and 1.3540 (2:1 reward:risk achieved)

Trade closed: target reached

1.3450 3:1 Reward:Risk hit
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