USD/CAD SELL - 12/10/2017

12 окт. 2017 г.

USD/CAD fell down sharply yesterday, but the move was on small volume. Anyway, given that the price is trading near the lower boundary of the range/support 1.2404 - 1.2428, we should consider the scenario of the breakdown of this mark. If the price breaks down the support on large volume, we can open short positions. A stop loss should be placed above the breakdown volume bar. A potential of the deal is more than 120 pips.

The bottom line: short positions after a breakdown of the support.