Thursday, 25 August 2011

USD/CAD Analysis

Big bullish pinbar candle on the daily timeframe. Off support area between 9788 and 9815. Several inside bars before today. Todays pinbar candle, broke below the mother candle then right back up. Trend is up. Moving averages are pointing up. 4hr chart shows the support area. Order to go Long as per below:

STOP: 9784
ENTRY: 9838
LIMIT: 10000

RISK/REWARD: 3/1


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