USDCAD Triangular Expansion April 20, 2017 SHORT Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 20, 2017 1:55 AM

Observation:
Price move inside the Triangular Contraction and is now at the edge of Dynamic Resistance.

Analysis:
Price may either break or bounce at Dynamic Resistance.

Conclusion:
Opportunity to SHORT with tight stop loss.