Monday, August 13, 2012

USDCAD Long trade setup

USDCAD H4; Will go long if H4 candle closes above this trendline...



2 comments:

  1. I am still short this pair from 24 jul, only 1 position left. Price is still trading below the daily TL..i think yu have the chart here. I will start looking for longs when price goes back above the TL and start trading above the 0.9970 level..it has proved to be a significant level in the past.

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    Replies
    1. It looks like, it finding a hard time breaking the TL. But if already short from highs, then better to keep SL tight. Its too risky to jump on shorts here... Stoch showing bullish divergence as well.

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