USD/CAD: Potential 630 pips - Short with 13.6 R/R
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USD/CAD rejected 200-DMA + 200-DEMA along with the 0.618 Fib retracement, a previous swing-low and a Trendline from April 2018. Therefore I am anticipating a short position targetting for an old swing-low at 1.26600.
Want to see it dumping through POC at 1.31180 quickly otherwise this is nothing more than a bullish consolidation-expansion-retest-expansion structure. Current daily rejection formation definitely in our favour.
If you like my work feel free to leave a like and follow.
USD/CAD rejected 200-DMA + 200-DEMA along with the 0.618 Fib retracement, a previous swing-low and a Trendline from April 2018. Therefore I am anticipating a short position targetting for an old swing-low at 1.26600.
Want to see it dumping through POC at 1.31180 quickly otherwise this is nothing more than a bullish consolidation-expansion-retest-expansion structure. Current daily rejection formation definitely in our favour.
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