USDCAD: Price broke out of long ranging market
Price finally broke out of a ranging market after yesterday BOC event.
The downward potential here is simply awesome. The risk to reward ratio itself is worth taking a shot.
Should price retest the 1.2375 to 1.2400 region, we can look for a short opportunity with targets towards 1.1985 and potentially 1.6660.
I would love to hear your opinion, feel free to comment, agree or disagree.
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Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
The downward potential here is simply awesome. The risk to reward ratio itself is worth taking a shot.
Should price retest the 1.2375 to 1.2400 region, we can look for a short opportunity with targets towards 1.1985 and potentially 1.6660.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY