Cliffobi

USDCAD short position breakdown

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
As we can all see from the chart that price respected the trendline that is now above the price and giving a double top chart pattern so to enter this short position its better to wait for the break of that lower trendline which is also the neckline of the double top pattern and the 38.2 PRZ fibanocci area,then ride it to the 0.00 critical level of the fib probably.
Comment: As we can all see from the chart that price respected the trendline that is now above the price and giving a double top chart pattern so to enter this short position its better to wait for the break of that lower trendline which is also the neckline of the double top pattern and the 38.2 PRZ fibanocci area,then ride it to the 0.00 critical level of the fib probably.

Comments

Very nice analysis !! i like your rr.
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Cliffobi Bullandbeartrading
@Bullandbeartrading, Thanks mate
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