Wednesday, March 6, 2013

USDCAD Long Trade Plan USDcad Long Trade Plan
Thanks to USD strength, this pair has broken out of uptrend channel and long held trendline.

Now I am looking for a pullback area to load this pair. Area around 1.02 is confluence of the daily channel and trendline. 

I am expecting this area to provide good support on any pullback and long position area.

So basically it looks like a up move, then a consolidation & pullback, and then again up move. Lets see how it comes out.

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