My picks: Long USD/CAD
Expertise: Fundamentals Combined With Technicals
Average Time Frame of Trades: 1 Day - 1 Week
This is my trade from Friday, when USD/CAD was testing a rising trendline connecting the 2007-2008 lows. My long entry was triggered as we've seen the pair bounce from the trendline. Stops should be placed 20-30 points below Friday's low of 1.1189. Initial targets include 1.1500 (former support in November 2008 and May 8/11, 2009) and 1.1783 (recent highs, January lows).
