After USD/CAD broke the trendline in the H4 timeframe, the FOMC news caused a
80+ pips move to the upside. Early Shorts, probably were liquidated and now we got another chance
to catch a nice short move. I am targeting 160 pips~.
All in all, this pair is looking pretty bearish (Daily/weekly timeframe)
I am expecting another quick spike to the upside at the 1.32000 resistance zone,
where short entrys could be placed.
If your going to Short now u gotta extend your Stopp loss for aprox. 12 pips.
Risk reward seems very nice
Good luck!
80+ pips move to the upside. Early Shorts, probably were liquidated and now we got another chance
to catch a nice short move. I am targeting 160 pips~.
All in all, this pair is looking pretty bearish (Daily/weekly timeframe)
I am expecting another quick spike to the upside at the 1.32000 resistance zone,
where short entrys could be placed.
If your going to Short now u gotta extend your Stopp loss for aprox. 12 pips.
Risk reward seems very nice
Good luck!