Wednesday, March 6, 2013

USDCAD Long Trade Plan

myfxvoyage.blogspot.com USDcad Long Trade Plan
USDCAD Daily
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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