USDCAD short setup

3 בינו׳ 2017

• Price has been respecting descending inner channel
  
• Price already formed an ABC setup, which is a bit clearer on the lower time frames, and has rejected the 50% level several times
  
• Take profit is based on the reverse ABC formation of the upward trend which lines up with support as well
  
• Sell stop order placed below were price is
  

USDCAD