Tighten The Reins!
Late Afternoon Dynamic Traders!
Having returned from a long weekend away, it is pleasing to observe that both the Loonie and Aussie have behaved agreeably. (Blog 23 Oct, 24 Oct).
My trading rules did not permit me to maintain these positions when the market is closed, but those of you who are still enjoying the trade, may wish to pay "aggressive" attention to your stops.
Below is the 60 minute chart for the USDCAD.
Your weekend analysis for this currency pair may have warned you that price could be reaching the finish line in the not so distant future.
But on further scrutiny, could there be one final furlong ahead of us?
The figure 1.3 is on the horizon and there may even be a challenging gallop towards a powerful resistance just past it.
As a "swing" trader, I am poised to pounce on an imminent change of trend, but as a "speculator", I may hitch a ride to the finish line - taking a very aggressive stance to minimise any bruising, should I fall off!
Your personal approach to trading will be the ultimate dictator!
Having returned from a long weekend away, it is pleasing to observe that both the Loonie and Aussie have behaved agreeably. (Blog 23 Oct, 24 Oct).
My trading rules did not permit me to maintain these positions when the market is closed, but those of you who are still enjoying the trade, may wish to pay "aggressive" attention to your stops.
Below is the 60 minute chart for the USDCAD.
Your weekend analysis for this currency pair may have warned you that price could be reaching the finish line in the not so distant future.
But on further scrutiny, could there be one final furlong ahead of us?
The figure 1.3 is on the horizon and there may even be a challenging gallop towards a powerful resistance just past it.
As a "swing" trader, I am poised to pounce on an imminent change of trend, but as a "speculator", I may hitch a ride to the finish line - taking a very aggressive stance to minimise any bruising, should I fall off!
Your personal approach to trading will be the ultimate dictator!
USDCAD 60 minute chart Advanced Get
Good Trading!
Saba Jackson
Labels: usdcad
posted by Saba Jackson @ 6:43 PM
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