USDCAD Short for 100 pips

12 เม.ย. 2015

The USDCAD pair is in fairly obvious pattern which is proven by the Fibonacci Extension and the previous resistance levels. You would want to set your stop about 10 pips away from where you would buy (buy at market now). The take profit is just below reversal zones. This could be a first target for those who want to make the most out of the deal and the second could be at the zero extension, but for the more conservative trader, this is a good place to get out of the trade.