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VolcyWaveIntlx
Nov 14, 2016 11:57 PM

USDCAD Reversal - Cheap Canadian Dollar In demand Zone  Short

U.S. Dollar/Canadian DollarFXCM

Description

My Two Cents:
USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand

Weekly : Price Testing Cloud Zone - Rejected Once
Daily: Price is starting to retrace from a daily consecutive bullish trend
4H : Reversal in effect
1H : Double Top Is Clear

Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation.

Stop : 1.36200
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