26 March 2014

USD/CAD : Classic Pullback

  • Triangle upside breakout on weekly and daily charts. This current pullback to 1.1150 now is the classic pullback to the breakout point which is the theoretical 1st pyramiding entry. Bullish outlook on monthly chart is intact.
  • For someone without any outside agenda, this is the best entry point to put on a long position. Abort on failure to hold above the triangle. Good risk/reward for 1.1455 objective.

5 comments:

Taichiseal said...

Oops .. bad call.

Taichiseal said...

+1.1007

Anonymous said...

great timing closing out your positions for the quarter!

Taichiseal said...

Pure luck

Anonymous said...

nah... discipline = skill, not luck