As the Us Dollar continues to gain strength against the Canadian Dollar, an Ascending wedge / triangle pattern has emerged. This provides us with an opportunity to go short. I personally like to have generous size stops to prevent any stop hunting. This trend reversal trade offers a very good risk reward ratio. Targets will be the closest significant support levels 1.28 and 1.23. Good luck to all, please leave a like and a comment if you found this helpful. Happy Trading!
