USDCAD SHORT position off nice bounce of resistance Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Aug 23, 2014 4:56 PM

This looks like a good opportunity to short the USDCAD. I see a nice downfall towards support / Resistance lines and having the MACD support our decision is great. Looking for a nice gain in pips over then next few weeks.

USD (US Dollar)short Forex bryces Support and Resistance retracement

Comments

Olu

⋅ Aug 23, 2014 9:48 PM

I agree on a short trade but I do not see more downside that 1.08734 at the moment