09 January 2012

USD/CAD : Inverse Copper

  • Notice USD/CAD picture is very much the inverse of Copper. Both weekly triangles - Copper awaiting downside breakout trade signal, USD/CAD upside.
  • Breaks = Risk Off trend continuation.
  • USD/CAD triangle chartpoint this week around 1.0420.
  • CD IMR = US$3105; HG IMR = US$7763. So CD is more easily scalable for small account trading.

2 comments:

Taichiseal said...

Sold HGH2 @ 351 = top edge of triangle.

Taichiseal said...

Cut loss 354.70.