11021992
Short

USDCAD short at the 127.2% Fibonacci extension

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hi traders,

On the USDCAD             I am looking for a short entry at 1.33768. This is the completion of the AB=CD pattern, 127.2% Fibonacci extension and previous structure. The stop goes above the structure.
Entry: 1.33768
Stop: 1.35095
Target: 1.31685 = R:RR 1.57
Order cancelled: Removing this entry for now. Will wait and see what the FOMC meeting brings.
Comment: As long as price doesn't go below C, the entry remains valid.
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Price is oversold for long time on weekly time frame:

snapshot
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11021992 PRO shomonrobie
Yeah, price might not even get to my entry point, but I like to be prepared for any situation :).
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