FXCPS

Forex Chart Pattern Signals

Friday, February 23, 2007

Davos

Good morning all,

I have just got back from Davos and have to say had a fantastic time. I would like to extend a warm hello to everyone I had met on the course.

A brief update today. The USDCAD is still coming down as expected and we are still awaiting either 0.382 or 0.50 for a typical support. If we get to that support with a candle reversal then an aggressive stance could be taken with a tight stop.

Hope you all have a good weekend and I will update on Monday.