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Video / 28 June 2016 at 6:36 GMT

Why I’m buying USDCAD: Coleman

Ian Coleman - First 4 Trading
Ian Coleman, of First4Trading.net, is looking to buy USDCAD.

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

Coleman is planning to buy dips around 1.3040 with a stop at 1.3000. His immediate target is 1.3186–1.3200, but is looking for targets later this week around the area of 1.3350–1.3380.


28 June
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
long this morning at 1.2994 stop at 1.2954. Same targets
28 June
andywielkiszu andywielkiszu
the price action doesn't look good
28 June
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
no ... much bigger pullback in the USD than expected ... I stick with my long term view
28 June
andywielkiszu andywielkiszu
thx Ian. kepp my fingers crossed :)
28 June
Vakas Vakas
Ian you think your stop won't hit? Because support to me looks at 1.2900
28 June
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
If it is a wedge breakout then the target level is 1.2900. AUDUSD is just breaking an intraday wedge so I think we will hold
28 June
andywielkiszu andywielkiszu
nice call!
29 June
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
1.2968 our buy level in USDCAD today
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