Potential Strategy
Following potential strategies are intended for education only and show possible trading ideas. There is no trading recommendation!
January 26th 2010 - short USD/CAD
Medium term strategy.
Possibility to turn at the upper trendchannel line and inner trendline (blue) at 1,0649.
Enter short after 1 hour closing price when the RSI indicator crosses under its 70 line. Set a stop on closig price at 1,0815. The take profit limit can be set for the first half of the position at 1,0405 and for the second half at 1,0215.
Long bullish bars will cancel the trade.
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