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2sexy
Jan 3, 2017 11:26 PM

Short USDCAD Short

U.S. Dollar/Canadian DollarFXCM

Description

Shorting USDCAD...short now or wait for the trend line break.
Comments
Trader_Dale
Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
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