Sunday Feb 12
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Sep
03/10
Buy USDCAD at 1.0405
Last Updated on Friday, 3 September 2010 02:07
Written by Ross Mullins
Friday, 3 September 2010 02:07

Buy posted to TAP at 9:49am ET, buy USDCAD at 1.0405. While there is some caution on NFP day, often news helps satisfy technical indicators. With today’s fall for this pair it is testing a 4hr trend line at 1.0400 which also aligns with a fib from the previous uptrend. Use appropriate risk on this highly volatile day. Also just before long 3 day weekend because of US holiday on Monday.

USD/CAD Chart Picture

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This entry was posted on Friday, September 3rd, 2010 at 2:07 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.


3 Comments
  1. CommentsRobert Messick   |  Friday, 03 September 2010 at 2:39 pm

    Ross,
    Nice trade here.

  2. CommentsBeverley   |  Tuesday, 07 September 2010 at 4:00 pm

    Made 34 pips after spread – Great thanks :-)

  3. CommentsRoss Mullins   |  Thursday, 09 September 2010 at 5:57 pm

    Good Job Bev!…..Thanks Robert!


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