Wednesday 12 October 2011

On loonie

Just noticed USDCAD testing its Sept 27 swing low and is 1.0170 now. It is a good risk reward long USDCAD entry and it also ties up with my view of tactical (minimum a day) USD strength. I am wondering whether a close above 1.0175 on 10min chart will confirm it. Stop loss is 1.0135 and min profit target is 1.0250

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