USDCAD.. do we sell...? | Forex Factory

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USDCAD.. do we sell...?

  • #1
  • First Post: Jan 25, 2010 9:18am Jan 25, 2010 9:18am
guys, check this out...

this trend line comes from august, and we might have an opportunity for a couple of hundred pips by the end of today or tomorrow... SELLING...

what do you think?
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  • #2
  • Edited 1:19pm Jan 25, 2010 11:09am | Edited 1:19pm
short term counter move by bears to be neutralized by bulls is a likely scenario.
the bears argument could be more compelling much later though.
  • #3
  • Jan 25, 2010 11:18am Jan 25, 2010 11:18am
I am long USD/CAD from last friday at 1.0550 levels for TP of 1.0690- targetting about 140 pips.

Trade timeframe: Weekly.
  • #4
  • Last Post: Jan 25, 2010 11:20am Jan 25, 2010 11:20am
Quote
short term counter move by bears to be neutralized by bulls is a likely scenario

I agree.. It is in bullish scenario and i have played a long here.
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