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USDCAD Ascending Wedge / Triangle Pattern Potential Short

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
IceTrading  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD DJ FXCM Index usdcadshort short Triangle Wedge trend reversal TOP
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usdcad usdollar usdcadshort short triangle wedgepattern trend reversal top
As the Us Dollar continues to gain strength against the Canadian Dollar, an Ascending wedge / triangle pattern has emerged. This provides us with an opportunity to go short. I personally like to have generous size stops to prevent any stop hunting. This trend reversal trade offers a very good risk reward ratio. Targets will be the closest significant support levels 1.28 and 1.23. Good luck to all, please leave a like and a comment if you found this helpful. Happy Trading!

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