USDCAD

USDCAD

2 August 2017, 22:20
Vlad Brykin
0
27

USDCAD has (finally) broken the wedge on the weekly time frame, so we can see some sort of momentum.

Price has formed a bearish AB leg on the daily time frame, and there is CSI supporting trend reversal.

I am now looking for price to retrace to the supply zone around the 61.8% Fibonacci level. Should price reach that area, I will look to enter a sell on previous resistance (red line in supply zone). 

Entry: 1.32244

Stop Loss: 1.38130

Take Profit: 1.24530


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