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TevinW
Jul 16, 2018 6:32 PM

USDCAD Sell Signal Formation on the HOURLY Short

U.S. Dollar/Canadian DollarFXCM

Description

Previous Support turning into Resistance of Trading Range that experienced breakout + measured move. Also, confirmation as 50 retracement area of fib tool. Watch for confirmation of candlestick and take short position with risk reward for first target as 1:1 and the second target as 2:1

Trade closed: target reached

Price hit both targets. Profit = 260 pips.
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