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SergioMontanoTYMIW
Oct 20, 2015 11:14 AM

Double Correction Short

U.S. Dollar/Canadian DollarFXCM

Description

Hello guys,

Looks like we are in a triple correction on the CAD...Price completed a B @ 1.3055 (key resistance) now we are making our way down for the C move minimum 100% extension of AB which brings us down to key support @ 1.2800. This move may also be in line with big CAD news coming out this week. If Bank Rates remain unchanged this could add fuel to the fire and a continuation to the downside.

Please any comments/constructive feedback would be greatly appreciated.
Comments
SergioMontanoTYMIW
Any comments/constructive feedback maybe not on my analysis but on my presentation. Anything would be greatly appreciated.
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