USDCAD short
Simple short here with price approaching the 38.2% fib of 1.2567 high to 1.2085 low, this fib also lines up with the 100HR MA. It's also previous support from April 15. To summarize:
- 38.2% fib at 1.2269
- 100hr MA at 1.2272
- 1.2270 area is previous support (april 15) and resistance (april 17)
entry: 1.2270
stop: 1.2350 (risk 80)
target: 1.2100 (win 170)
- 38.2% fib at 1.2269
- 100hr MA at 1.2272
- 1.2270 area is previous support (april 15) and resistance (april 17)
entry: 1.2270
stop: 1.2350 (risk 80)
target: 1.2100 (win 170)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.