Short on USDCAD

16 בפבר׳ 2016

Based on a few confluences, I am short on USDCAD. Some of the confluences include a head and shoulders formation on the 4 hour. There is also a break and retest of an inner trend line.
Shorted on the break of the neckline.
Expecting a move to the ~1.3350 level.

Risk/Reward: 1:2

-Best Regards and Safe Trading

17 בפבר׳ 2016

הערה

Despite the short squeeze that I've seen I'm still in on this. Sold on the rally. Locked in another 100+ pips. :)