U.S. Dollar / Canadian Dollar

Short

Updated

USDCAD Short using daily resistance and fib

USDCAD has seen bearish movement, we need it to pullback to the fib level of 0.5 and then we can expect it to head back down to 1.29, we have our daily resistance at 1.32 and 1.28.

Note

Hit .5 fib heading down to tp

Note

+100 pips on short since .5 fib was hit

Note

TP Hit, good trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.