MassFx
Short

USDCAD - Potential Short

FX:USDCAD   U.S. Dollar/Canadian Dollar
Price on this pair is looks to be resting at a decision point. Will this level hold?

Potential short once price crosses 1.2820 level


Confluences for a short opportunity below:

- Rising wedge pattern which typically favors a break to the downside

- 38.2 retracement of the previous swing

Initial targets are at the base of the wedge with the opportunity to hold for extended targets which also lies at a -27 fib extension.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out