Kaidk

USDCAD Short- Trendline Retest and 61.8% Fibonacci Retracement

Short
Kaidk Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
I am already Short on USDCAD, whereby my Entry is at 1.3927 and my Stop Loss in in Profit; I have been in this position for 2 weeks now. Because the Price Action has been incredibly slow and choppy for a long period it's eventually started to move, i then identified an additional Entry Point on a Counter Trendline retest (Descending Trendline) that perfectly aligns with the 61.8% Fibonacci Retracement. I see if this move does occur it will be early next week and then foreshadowing further Downside Movement.
Trade active:
The gGp created by the Market has hit our Entry Point to perfection! Trade has gone straight into Profit with no Drawdown... beautiful.

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