USD/CAD Support Broken

May 20, 2009 22:53 by Jon

I entered a short position in USD/CAD tonight after the pair broke through an area of support around 1.1455 with a nice wide-range body candle.  This plus the overall downtrend on the daily chart was enough for me to put some money on the line and see if it continues its move down.

Here's the daily chart...

  • Short Entry:  1.13686
  • Initial Stoploss:  1.15101
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Categories: Discretionary Trading
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March 11. 2010 06:22