USDCAD Potential Sell Opportunity After Breakout

FX:USDCAD   U.S. Dollar / Canadian Dollar
328 4 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.
Fxprotrader TimStuyts
So we agree..? Any comments..? Nice analysis..!
TimStuyts Fxprotrader
Yes I think so, just some additional context. Comments are in my post. Good trading to you and thanks for sharing!
Fxprotrader TimStuyts
Ok great, thanks for sharing.. Very good analysis..!
+1 Reply
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