Monday, January 26, 2009

USD/CAD: 4 hour



I will not write anything about the EUR---GBP----GBP/JPY which I had a sell on all of them, on the 1 hour chart late Friday, but what we will talk, is the USD/CAD.

The USD/CAD has fallen the last 2 days (the 23th and 24th of the month) about 500 pips and is now ready to go higher,

Now. with early weakness in mind, and if we will reach 1.2100, I will buy again, and my profit target will be at least 1.2650.

have a nice day.

5 comments:

Ben said...

Seems a good trade man...but maybe it will fall till 1,18 if oil keeps rising...

naftula said...

Hi ben,

It looks like the USD/JPY is in a triangle on the 15 min and the 1 hour chart, I will maybe post it later, would you like to look at it and reply?

Ben said...

Yes it looks a triangle, but i have no clue on weteher it will break on the upside or downside... What do you think ?

I'm willing to go long EUR-US on the next CCI cross...maybe around 1,2880-1,29.

Ben said...

It looks like US-Y is breaking triangle on the upside, on the 15 min.

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