Is it time now? $USDCAD 12 Oct 2010

I mentioned in twitter yesterday, I was considering building a small long position of USDCAD. I thought it will be easier to share a chart here. We have completed a Bearish butterfly, and ABCD formation. Of course, there are other factors to be considered, from technical point of view, I am interested in keeping my eyes on this pair at the moment.

This is an idea, and I am still developing the thesis. Let's see how it goes.

Just something for you to think about.

Here is the .... CHART!

USDCAD ABCD

Comments

Historical comments are preserved here. New comments are closed.

  1. Gav (Trader Gav) — Trackback
    The idea I mentioned yesterday. $USDCAD 12 Oct 2010 http://bit.ly/9cCATW
  2. John Adams — Trackback
    Is it time now? $USDCAD 12 Oct 2010: I mentioned in twitter yesterday, I was considering building a small ... http://bit.ly/dpCh4a
  3. Forex Trading
    I can see the ABCD formation. I guess I am wondering how much of a reversal signal it will take to validate a new up move.