Wednesday, 2 May 2012

USD/CAD Analysis

Bearish candle on daily Rejection of 21ema and 8ema Trend down Moving averages still down 4hr chart shows rejection of 9892 area Order to go short on a 50% retrace of daily candle: STOP: 9907 ENTRY: 9874 LIMIT: 9775 RISK/REWARD: 3/1

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