Thursday, 17 November 2011

USD/CAD Analysis

Daily timeframe is looking very bullish after breaking the 10266 resistance area

Pinbar candle formed on daily timeframe
Strong trend upwards
several bounces off 8 ema and both emas are pointing up

Order to go long as per below:

STOP: 10194
ENTRY: 10250
LIMIT: 10474

RISK/REWARD: 4/1

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2 comments:

  1. Tee Man21 November 2011 at 23:00

    Stop moved to b/e as we break strongly above resistance. there doesnt seem to be any resisance now until the 10650 area hence im moving my limit up to represent 6/1 risk ratio. Limit moved to 10586

    ReplyDelete
  2. Tee Man23 November 2011 at 22:06

    Decided to take profit at my original limit. Too many pips to turn down considering my recent losing run.

    ReplyDelete

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