Pre-Requisite Reading: USDCAD: Going as Planned - Looking for Capitulation!
"We started short positions immediately when price touched the upper-bound of the channel (1.2940) with stop-loss at 1.2995." - April 19, 2016 - USDCAD: Going as Planned - Looking for Capitulation!
In the above analysis, we took profits and re-entered short 2 times and we are currently closing the majority of our short positions at 1.2590 while holding 1 small position for 1.2480.
USDCAD Daily Chart - April 27, 2016
In this daily chart of USDCAD, we see how prices have went lower following the channel and approaching our main target for this ...Read More