USDCAD Bearish Butterfly Completeion

22 Eki 2016

USDCAD has almost completed a bearish butterfly I would sit my hands before going short on this one as price has not fully reached the 1.27 yet with a possible push to the 1.618 level.
Price has reached a resistance zone however in line with 1.27 extension level

22 Eki 2016

Not

This is a counter trend trade, if you look on the weekly you see its starting it turning point to the up side. Take profits at key fib levels

25 Eki 2016

Not

You can price turned right it should