FxGeneral876

Bearish Three Drives Pattern Formed on Daily Chart

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
0
Price has moved up above .236 fib level and is making a higher push towards the .382 level just below upper trend line. A sell order can be placed just below or at .382 fib level, which would complete the third move up of the three drives pattern. A strong break above .382 fib level, out from upper trend line would invalidate the trade.

As always Good Luck!

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