Should I BUY or should I SELL

[rezo_s]

ok, I will post more about trading style and the rest later. But right now I have a trade which I may take. Its 15:56 right now, and USDCAD is trading at 1.2645/50. I am considering to buy

[rezo_s]

I am waiting fot this hour close in order to decide. If it closed above 1.2645, I will seek to buy in the near hour. My stop loss will be at 1.2570

[rezo_s]

ok, hour closed above 1.2645, so I will be buying.

I put a buy order @1.2640

stop loss at 1.2570

leverage: 1:2 (appx 1.2% stop loss)

[TB2I]

I have two buy trades for CAD with a target at 1.2840

The dollar still has strenght and according to my analizes the uptrend continues for another week or so.

Coments, suggestions?

[rezo_s]

I think dollar has some more fuel. The only question is if it uses it. Unless we see some more USD strength, it will start correction. And that correction may take a week at least. What we see now is just a consolidation...

[TB2I]

80% sure it will use that fuel

[rezo_s]

Agree on the target. I was just about to post on the target.

[rezo_s]

Ok, I am in. Order was triggered and trade is now open:

long USDCAD@1.2640
s/l@1.2570

first target is 1.2730
second target is around 1.2850 (give or take 20-30 pips; lets first see it going through recent high)

cheers