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Nov 20, 2017 4:10 PM

USDCAD 2 Possible Scenario 

U.S. Dollar/Canadian DollarFXCM

Description

There's 2 Possible scenario here,
For the short bias: we have a 2618 pattern, currently it's at the 61.8% I will short it if it breaks the trendline to the downside, and stop loss will be above the high of break
For the long bias: Inverted shoulders is forming, it'll complete if it breaks to the upside, retesting the double top resistance line.

In my opinion, I feel it'll be better to take the better the short for better risk reward ratio.
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