pipared1

The RISE before the FALL

Short
FX:USDCAD   US-Dollar / Kanadischer Dollar
looking for a potential stretch towards the 1.34250 zone and soon after I will be interested in looking at selling opportunities to the downside with a target of 1.22000. Keeping a close eye on the potential breakdown of the prior bullish trendline. News should also be taken into consideration to avoid slippage during opening sessions as well as news releases affecting the DXY and CAD. I am indeed bullish on this pair for now..but I do believe that the bigger move is to the south. Thanks! Happy trading

Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.

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