Sunday, June 28, 2009

Trade alert

I'm looking to short USDCAD tomorrow. If the trade triggers, I'll post the target and stop loss. Good nite.

Update:
Price is rising. Still thinking to short but waiting to get in a better price.If price climbs up to 1.600 level and reverse, it'll be fantastic shorting oppurtunity.

Update:
Short 1.1554. Stop Loss 1.1656 and target 1.1300.

Trade Closed at BE
Price moved in our favour by about 110 pips but suddenly reversed and took out the BE stop. I would be watching USDCAD as mkt is approaching a serious resistance zone. Hoping for another shot at this pair.

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