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Originally Posted by idejan Tnx buddy,
On 3 aug I've noticed a great setup on USDCAD and I prepared some charts at that time but due to problems with my computers I did not published.
I'm right now redoing the analysis for what I believe has a min of 500PIP potential.
Be back in a while. |
A friend from Switzerland came to visit me so I was not able to prepare charts but never the less - this is my view on USDCAD:
USDCAD is in consolidation at this moment and should find resistance below 1.2065
I would sell USDCAD @ 1.2067/89 or below
stop loss just above the sell zone
(or if you prefer 1.2105/10 is invalidation level);
(on break below 1.2 I'll use last high for my stops / 15-25 pips above)
first target is @ 1.1898 to 1.1543
below 1.1710 I'm very extremely bullish on CAD.
My Long term view on this market is below 1.10 to .90 before July 2006.
ID