The other question is whether 1.0050 will hold as resistance. If not, it's open road up to the monthly ATR (52) around 1.0250.
Given these concerns, I'll want to see signs of reversal on the lower time frames before entering short.
Tuesday, 8 May 2012
Trade Idea USDCAD - Short 1.0020
My main concern would be the break of the previous week's high.
The other question is whether 1.0050 will hold as resistance. If not, it's open road up to the monthly ATR (52) around 1.0250.
Given these concerns, I'll want to see signs of reversal on the lower time frames before entering short.
The other question is whether 1.0050 will hold as resistance. If not, it's open road up to the monthly ATR (52) around 1.0250.
Given these concerns, I'll want to see signs of reversal on the lower time frames before entering short.
