Squawk / 06 July 2016 at 18:40 GMT
Hi Ian what do you thing USDCAD will do, stuck with an long and not sure if to close and take loss
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
these levels are very close to support 1.2950 is channel base (Head and Shoulders)
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
buying a break of 1.2984 today - USDCAD - Selling pressure from 1.3056 resulted in all the initial daily gains being overturned. Trend line support is located at 1.2957. Posted a Double Top formation. The conflicting views have resulted in the immediate outlook being hard to interpret. The medium term bias remains bullish. Bias is mildly bullish today but we need to see a break of 1.2984 to confirm the upward pressure. Our profit targets will be 1.3060 and 1.3186.
Dj TinTin Dj TinTin
Thanks Ian might do a small trade long just to recover yesterday's lost back to 1.3060


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