11 February 2014

USD/CAD : Fresh Long @ 1.1033

  • The big break of 1.0656 happened while I was taking my enforced break last quarter. 5 big figure trade missed.
  • Read this current pullback from 1.1222 as a bull flag on the charts for all time frames.
  • Initiated long position at 1.1033. Stop below recent spike low at 1.0966.
  • Monthly SHS bottom pointing to upside objective around 1.1907.

1 comment:

Taichiseal said...

Initial entry at 1.1033 was poor. Large reversal price action today back to upside likely signals uptrend resumption.

Added to long at 1.0960 and 1.1050.

Average all-in rate is +1.1014