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aslamhammad
Aug 4, 2015 12:36 PM

USD/CAD Short

FX:USDCAD60
U.S. Dollar/Canadian DollarFXCM

Description

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Only short @ 1.3100, as it looks we have a double top in USD/CAD, but just to be careful, i would short it with a pending @ 1.3098

As currently it's ranging in 60minute chart....Neckline in this is around 1.3111
So to short a double top, you have short it below the neckline....

Short @ 1.3098
SL @ 1.3200
TP @ 1.3056
USD/CAD
Comments
aslamhammad
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It actually turned out to be an ascending triangle :).....If price holds above 1.3172==go long above 1.3200, next target==1.3300....Keep stop around 1.3000, as USD index is currently rising, so USD/CHF+USD/JPY+USD/CAD all up and Gold will come down :)
aslamhammad
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