Fxprotrader

USDCAD Potential Sell Opportunity After Breakout

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
17
After a drop price has being in a corrective structure for the previous days, a structure which ended with another sharp move to the down. What we should wait now is a sell setup to complete probably after price retracing back to the broken level and then we may go short. A great profit target may be the D point of a pending bullish pattern which may push price higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.