Dale_Ansel

USDCAD - Downtrend with potential pull-back to trendline/34-EMA

FX:USDCAD   U.S. Dollar / Canadian Dollar
412 0 10
Nice downtrend in play here, might be looking at a pullback
to the 34-EMA area and touch of the trendline . 2 trade possibilities
here:

#1. Buy NOW and place stops below green box area. Target
area is 1st blue area.

#2. WAIT until price touches downward trendline and is rejected
then SHORT and place stop loss just above trendline (10-15 pips)
and profit targets are near bottom of second arrow.

Let's keep an eye on it, see what happens!

-Good Luck!
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