Monday, November 23, 2009

USD/CAD - A DIP

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Hello Good morning,


My trade for this morning is USDCAD. The last trading day i had a break of my trendline looking for a down trend (red diagonal line). Today the down trend was confirmed with the lower high spotted with the blue line. It was a nice dip selling from the strength of the market using ADX.


Our entry as a result came from the low of the 1:45am canlde of the FXDD platform in the 15min timeframe at 1.0680 and exit based on the 100sma technique in charting fibonacci. Support zones at 1.0663 and 1.0622 . For complete details about this strategy please write james.ayetemimowa@gmail.com


I will welcome your comments.


James.

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