USDCAD / 60m / Triangle BO
FX Analysis (2017-7-20)
USDCAD has just broke out the Triangle consolidation area (Blue arrows).
We look to short at a retest of the BO Line.
TP#1 fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level.
Additional:
In the bigger picture, we should expect some sort of rebound near the Weekly Support. Look for reversal patterns.
USDCAD has just broke out the Triangle consolidation area (Blue arrows).
We look to short at a retest of the BO Line.
TP#1 fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level.
Additional:
In the bigger picture, we should expect some sort of rebound near the Weekly Support. Look for reversal patterns.
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