Wednesday, July 8, 2015

USDCAD Bullish Triangle

Keep it simple everyone. There's a nice clear triangle finishing in the USDCAD.  Since triangles are consolidations before a continuation of the previous trend, we know this triangle will result in a sharp move up soon.  To make sure it's not a B wave that will thrust lower, I'm looking to get long at 1.2765 with a stop at 1.2740 and taking profit at 1.2790.

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