Wednesday, March 30, 2011

USDCAD - Bullish Support Coming?



Bullish support is likely to come through at the 0.887 Fib level, with a strong chance of pushing up to the 0.618. I am putting in a buy limit order just above 0.887.

Buy Limit: 0.9705
Stoploss: -35 Pips
Profit: +60 Pips

Move SL to breakeven after 25 pips.

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