adriel.arrasmith
Short

Sell USDCAD for 1.35300 Area

FX:USDCAD   U.S. Dollar/Canadian Dollar
The USD has been selling off quite a bit and at the make or break for a new trend. The DXY             is in a free fall currently pointing to further downside. The CAD on the other side is still bullish at the moment, oil             also held the key $28 level today, which is quite important. As far as the USDCAD             technicals we are testing the key level of 1.40, where a trendline is present, and the 8/21 emas. This is a great sell opportunity of 3:1 targeting the 1.352 area where I expect to hold because of the .618 fib level and trend line . I'm not a huge fan of trading the USDCAD             because it's tricky, but I like my odds here.
Comment: I took a 13 pip profit because I don't like how we're moving currently. I am going to post another chart with a consideration of actually going long.
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