clemons7778
Short

USDCAD Short off convergence

FX:USDCAD   U.S. Dollar/Canadian Dollar
168 0 3
Good RR short off the 50% fib from Sept highs. There is also a former pivot point that could act as converging resistance. First limit would be 1.3065--a break of that level exposes lows from 10/15 at 1.2832. Aggressive stop should be placed around 1.3175. If stop loss is hit, look for re-entry around the 61.8% retrace
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