usd/cad market position

By danresdidualfx
Updated
The continuous flow of momentum to the downside is heavily pressured by sellers, the price has recently however tapped confluence regions of 1.2750s supported by our 78.6% fib retracement and the respected downside trendline.

risk/reward ratio 1:2
Trade closed manually
Closed +50 pips on this trade
Chart PatternsconfluenceTechnical IndicatorsreversaltrendTrend Analysis
danresdidualfx

Disclaimer