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USDCAD 4H RANGE TRADE SHORT

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Tradingstrategyguides Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns rangetrading sellstops takeprofit stoploss USDCAD 4h tradingstrategyguides FXCM forextrading
3
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trendanalysis chartpattern rangetrading sellstops takeprofit stoploss usdcad 4h tradingstrategyguides fxcm forextrading
Pair has been range bound
Price is at top of range
Several bullish wicks have tried to breakout long and failed
1st Sell Stop in trade @ 1.2895
2nd Sell Stop @ 1.2869
Take Profit @ 1.2835
SL @ 1.2933
You may want to wait for this to happen before entering your sell stops
Price may retest range top - watch for a candle close above trend line and fail again
Comment:
Price did retest range top and also swing high and hit our long take profit
snapshot
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