Dollar A.S. / Dollar Kanada
Penjualan

USDCAD possible short

74
I will be shorting USDCAD and taking two trades one aggressive with minimal lot size and a neutral trade with a higher lot size. The following reasons is why I will be shorting it.

1) It approached 61.8% a key level for reversal and has not been able to break it.

2) It is also approaching a trend line that can either break it or go back down.

If it breaks the trend line I will look for a retest of the trend line and go long. For now I believe it will be short.

There will be minimal stop loss, with good risk to reward ratio.

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