Monday, 9 September 2013

USD/CAD profit

USD/CAD D1 chart


Target hit giving me 100 pips profit. The trend still look bearish and a revisit of 1.0440 is possible before continuing downward.

If the price breaks the 1.03550 level, it might continue to the bottom line of the channel. I'm planning to set a short entry below the bottom channel to catch a breakout but with a tight trailing stoploss.

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