FX:USDCAD   US-Dollar / Kanadischer Dollar


Potential short opportunity. The PRZ also has confluence with recent previous support area now turned to potential resistance. Stop loss above X. TP's at fib levels of your choosing.
What would your short target be and why? Thx
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petery Seraph_eu
@Seraph_eu,
The standard targets are the 38.2% and 61.8% retracement levels of the CD leg. However these can be altered to other fib levels depending other factors such as favourable risk/reward ratios and price action.
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