Thursday, August 29, 2013

USD / CAD: THURSDAY 29/08/2013. 10:15HRS

USD / CAD:

USD / CAD is in an uptrend.

Chart below:

 
Price has pulled back and has now formed a Double bottom.
 
Chart below:
 
 
Price has broken up through the averages and I am looking for a long position as detailed below.
 
Levels and Chart below:
 
1st Entry: 1.0495
2nd Entry: 1.0490
 
Averaged Entry: 1.0492
 
Stop Loss: 1.0470
 
Target: 1.0602
 
 
I will update again should the position be opened.
 
 
 
 

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