Fxprotrader

USDCAD: This Rally May Come to an End

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Price broke above the median line of a downsloping pitchfork and rallied towards the upper quartile of the fork where we previously had resistance with price reversing. There is a good probability that price will reverse and test the median line. In case you want to get involved with this setup, the sl and tp shown in the chart will give you a 2:1 risk/reward ratio.
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