Long on usd cad based on channel and fibs

FX:USDCAD   U.S. Dollar / Canadian Dollar
149 4 8
Trade closed: stop reached
The price action is now below the orange structure and below the channel so it will have to fight it's way through that before it keeps going. I could be wrong here but I went short. There is a major monthly pivot at 1.2910 or so, so I will need to watch that to see if it drops below that. But I could completely mental at the moment so don't trade my trade. Good luck.
+1 Reply
thanks for commenting, mate! good luck!
there is still alot of movement here, i am glad i closed my long yesterday.
VasilyPonomarev chachacallis
Now we see double bottom
Probably it is going to reverse now?
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