26 Feb 2015

PLAYING THE USD/CAD RANGE WITH A POSSIBILITY OF CONTINUATION

USD/CAD H4

As the rate is rebounding from a major technical range support at 1.2375 and has broken a small falling wedge pattern,  I have decided to enter a long position.

I went long at 1.2445 with a stop at 1.2355 and target the upper boundary at 1.2520 and 1.2600 and I am risking 2% on this.

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