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TevinW

(SELL, 1HR) USDCAD Peak High of Week Reached

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TevinW Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis USDCAD mpattern peakformation usdcadshort shortsetup selling Fibonacci Retracement
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trendanalysis usdcad mpattern peakformation usdcadshort shortsetup selling fibonacciretracement
- peak low set on Tuesday
- peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed
- m pattern on the high
- take the short to the 50 fibonacci retracement level
- risk/reward: 1:1
Comment:
stop hunt to the high. trade still valid.
Trade closed manually:
Resistance level turned into support. Out of trade.
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