• uc1-1024x422USD/CAD (H4): Deeper falls
  • Forecast: Corrective move to 1.2090 (prev. support) and bouncing lower
  • Alternative Scenario: Pullback above 1.2090 with stronger correction
  • Comments: Price broke under to important supports and is heading lower
  • Payout: PUT @ 1.2090 -> 77% return expiring at 21:00GMT

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Damian Chmiel
http://financemagnates.com
Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.

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