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USDCAD BULLISH TREND

USDCAD WEEKLY CHART

Last Week the pair closed with a bullish Pinbar as price hit the weekly support.
ENTRY POINT
BUY STOP @1.03361
STOP LOSS @1.01732
TAKE PROFIT : After the first week take 50% of the profit partially and place the remaining position at break -even. Allow the remaining position to run till the close of the second week.
Below link shows the weekly chart and the set up for USDCAD weekly chart
http://screencast.com/t/itMooYLkNJZ
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USDCAD BULLISH TREND COMFIRMED

USDCAD WEEKLY CHARTThe price of USDCAD have being trending in diagonal pattern. Today being July 30,2013 the price hit the Weekly Lower Channel at 1.02510 then started a bullish trend.As price continues to move in an upward direction, it will hit the Upper Channel at 1.05875If the price hit 1.05875 wait for price reaction to form a candle reversal or continuation patterns before any trading decision can be consider on Weekly time frame.Below screenshot shows the Weekly Chart .
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fwi123 avatar
fwi123 4 Ago

like this

zeeshan4us avatar

really great it helps !

Aravindh avatar

nice

Metal_Mind avatar

Good Luck!

anna_n avatar
anna_n 22 Nov

good analyses!

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