Technician
Short

USDCAD Bearish Gartley Near Channel Ceiling

FX:USDCAD   U.S. Dollar/Canadian Dollar
264 4 1
Update: First target hit, moved stop to break-even,stopped at break-even.
Profit/loss(pips)=60

The NFP is due, a major move either higher or lower is expected, ill take a bearish aim on the USDCAD             as price completes around 1.0475, making it an ideal one. The resistance of the main descending channel should hold for the setup to remain intact.
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I am also on the side of selling USD...
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Surprisingly Strong Jobs number pushes it higher :(
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brecalgary Technician
what about now? on the 4hr chart it is up trending. but on daily chart, I see 1.0491 as a break out point
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Technician TOP brecalgary
Overall trend remains sideways for me , there is also some key resistance levels at 1.0500 and 1.0520
snapshot

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