As the Us Dollar
continues to gain strength against the Canadian Dollar
, an Ascending wedge
/ triangle pattern
has emerged. This provides us with an opportunity to go short. I personally like to have generous size stops to prevent any stop hunting. This trend reversal trade offers a very good risk reward
ratio. Targets will be the closest significant support levels 1.28 and 1.23. Good luck to all, please leave a like and a comment if you found this helpful. Happy Trading!