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Profound_Ambition
Jan 20, 2018 8:07 PM

USDCAD 4H Short

U.S. Dollar/Canadian DollarFXCM

Description

Price stuck in a range between weekly resistance 1.25000 & daily support 1.24100. Price failing to break above resistance, price now could be done with its manipulation after making its 3rd touch to its 4 hour descending trendline ready to head down now & create a potentially new lower low. Will be keeping a close eye on this pair for a reversal candle back to the upside or a continuation of price's downtrend..

Comment

Price is now almost ready to break its descending triangle

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