Trade posted to TAP at 11:45am ET buy USDCAD at 1.0315. Trade based on historical support and resistance at the 1.0300 area dating all the way back into 2008. Also current .50 fib of the previous 4hr uptrend.

As usuall trade management will be up to you but I will likely lock break even when up 20-25 pips targeting intraday to 1.0345/50 then break to 1.0400.

USD/CAD Chart Picture

This entry was posted on Tuesday, August 17th, 2010 at 4:00 pm and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.