Translate

Wednesday, March 14, 2012

USDCAD update

Ok, so we did not get the move higher to 1.00 in USDCAD, and right now it seems that we will be headed lower in a 5 wave sequence that will lead us to at least 0.98/0.9750 area. However we will have a confirmation only if we go back bellow 0.9895, so I would not advise you to sell before we fall below that level. A rise above 0.9945 will invalidate this scenario and will call for a rise to 1.0050. A good strategy would be to sell bellow 0.9895 with take profit at 0.98, , or buy above 0.9945 with take profit at 1.0045
Good Luck:)

No comments:

Post a Comment