RiosTrades

USDCAD 61.8 RETRACEMENT!!!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
After price broke out of a highly respected uptrend, price squeezed and broke out bearish (Impulsive Wave). Currently we see price rallied at a very attractive reversal level(Exhaustion), (Fibonacci 61.8% Retracement ) Price is Accumulating at this Level so we are awaiting for confirmation to enter this high probable continuation of trend to the downside. Trading Idea is invalid if price decides to break into Higher Highs eventually breaking above the 78.6%.