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Video / 12 July 2016 at 6:45 GMT

Looking to go long USDCAD: Coleman

Ian Coleman - First 4 Trading
Ian Coleman of First 4 Trading is looking to go long USDCAD. 

He explains his technical analysis of the weekly, daily and four–hour charts. 

Coleman plans to go long at 131.00 with a stop at 130.30. His target is 133.40.

Vakas Vakas
good trade recommendation Ian, but usdcad is completely driven by oil and i just noticed oil is trading above $46.00 its resistance. how do you see this?
Vakas Vakas
Sorry, I was wrong the wti oil is actually not trading above 46 it's the brent crued oil
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I think that Oil may trade down towards $42 over the medium term. If USDCAD gets close to 1.3000 I will have to have a rethink. The long term picture has paid me well the last few weeks so we will see
assi assi
Morning Ian, im with you in this trade, please keep us your right stop 1.2995...?
Andrei14 Andrei14
Yang, hi! 1.3030 stop in force?
Dj TinTin Dj TinTin
are we about done @ 1.3030 then looking long ??
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
think we might bleed to near 1.3000
Dj TinTin Dj TinTin
next stop I'm staying on the train LOL
Dj TinTin Dj TinTin
pressing the bell for next stop should we all get off and run for the long
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I know I have this one wrong so I am trying to mitigate the amount of loss. We will post a correction 9 count at 3pm UK so could get a bounce from there (hence adjusted stop again)
Dj TinTin Dj TinTin
Holding on
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
cut out for a loss
Dj TinTin Dj TinTin
Anton Bushin Anton Bushin
Hi Ian, what do you think about long for today?
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
we are looking to buy dips but at lower levels 1.3030
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