11021992
Short

USDCAD short entry idea

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi traders,

On the USDCAD             we can see that the blue trendline has been broken. I'm looking to enter short at the retest of this trendline . This area lines up with the 38.2% Fibonacci retracement of the move in August 2016. We can also see that 61.8% Fibonacci retracement of the bigger move. Stop goes above the 61.8% Fibonacci retracement of the August move.
Entry: 1.29371
Stop: 1.30951
Target: 1.26811 = R:RR 1.62

Best of luck! Updates will follow.
Trade active
Trade closed: stop reached
Analysis for week 3: https://youtu.be/_qkhKY9UqUo

Interested in learning about harmonic patterns? PM me :)

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