TradingView
FXForecast
Aug 22, 2014 7:44 AM

USDCAD - SHORTING OPPORTUNITY WITH A 2.5:1 RISK REWARD PROFILE 

FX:USDCAD240
U.S. Dollar/Canadian DollarFXCM

Description

⋅
USDCAD COMING OFF PREVIOUS 6X DAILY RESISTANCE TESTS FAILING TO CLOSE ABOVE 1.09900 -

QUALIFIES FOR A SHORT POSITION AT THE 786 FIB LINE.

THIS PATTERN HAS A 2.5:1 RISK REWARD IF PRICE REACHES 1.09621
ForexUSD (US Dollar)
More