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tommyjones91
Apr 21, 2015 5:26 PM

USDCAD RETEST OF BOX SUPPORT TURNED RESISTANCE Short

U.S. Dollar/Canadian DollarFXCM

Description

PRICE ACTION BROKE THE SUPPORT OF THE RANGE AND COULD NOW BE HEADING FOR A RETEST OF THAT LEVEL TO FORM RESISTANCE FOR A POSSILE SHORTING OPPORTUNITY TOWARDS 1.1950 AREA, HOWEVER IT DOES GO AGAINST THE GENERAL BIAS OF A BULLISH DOLLAR, THAT SAID FURTHER BULLISH ACTION FOR WTI OIL COULD HELP THIS TRADE BECOME FEASIBLE
Comments
PriceActionTrading
Very clear representation. Nice.
tommyjones91
Thank you , you also have nice clean charts, hence following you.
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