06 October 2010

USD/CAD : Big Kahuna 1.0102

  • Whilst triangle break lines (sloping) are nice early, entry points, I much prefer to look at breaks of actual historically significant turning points ie horizontal lines.
  • Big level in USD/CAD is really 1.0102. Break here would be a lot more interesting than yesterday's taking out of 1.0173.
  • May take several false attempts to succeed. Think it will eventually. The trend demands it.
  • Poised to sell break here. Sell stop-in placed.

1 comment:

Taichiseal said...

Stopped in 1.0102