Friday, November 27, 2009

USD/CAD - DIP EXPECTED


mmmh just before the close of business today, i must let you know what i noticed on the USDCAD chart. I just had my major trendline broken plus close before my moving averages with good ADX market strength. I would be looking forward to a short from level 1.0600 for a 40-50pips.

The trend is well directed with RSI below the 50level and your stoploss should not be more than 50-60 pips.

Enjoy and have a wonderful weekend.

James

2 comments:

  1. Hi, James
    This time you have told from before that you are going to go short from 1.0600 on USD/CAD .Including SL and TP . I am sure many traders will be silently sending you their goodwill and thanks. In my last letter you told me that trading tips from you would be a paid service !!! Thanks for this information, i am still on a Demo account.
    Regards
    Prabal
    prabalmitra@gmail.com

    ReplyDelete
  2. i feel like doing free stuff sometimes

    ReplyDelete