Double top for an opportunity to sell with good odds

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 28, 2016 12:12 AM

After a failed attempt to close with a higher high, we get a strong rejection and a close below the 20EMA. Selling here can give us at least a 3 to 1 Return on Risk. The risk is worth it, even if we are wrong 60% of the time.