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USDCAD – Trading Plan

The USDCAD has been trading in a very clear and smooth market condition, every time the USDCAD gets close so an important level its trades in a short term range and then it gets rejected from there:

USDCAD

USDCAD

If the USDCAD keeps trading in between the both ST green lines, I will trade the ST range

If the USDCAD breaks the upper green resistance level I will only look for long opportunities

If the Canadian dollar breaks the lower resistance level I will only look for short opportunities.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

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This entry was posted on Wednesday, August 25th, 2010 at 5:41 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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