USD CAD

Gutted...forgot to adjust the level from the other day .
My entry was at 9906 and it went to 9904.9
Missed the entry by 1 point. Guttted
Forgot to adjust for the trend line.
Have to cancel my order now...gutted

This appears to be forming an inverse H&S on the 4 hour chart. The target on a breakout from .996 is the downtrend resistance:



dl.dropbox.com/u/20815047/USDCAD4hr30_11_12.gif

This ones broke through the down trend line today.
Maybe look to go long on a back test of trend line.
This also bounced of the 50% fib recently
So one to watch or trade

Hi all

Have been reading up on candlestick analysis the last few weeks and wondered what you thought of the attached as a valid set up ? The fact the body of the shooting star is gapped up from that of the previous candle makes it a stronger reversal play according to what I have been reading ?

All thoughts welcome

been whipped about with this ccy pair but one day i beleive the trend will be established and I want in.

Currently testing trend line. Ive gone long on trend line on first attempt basis with a 25 point stop


dl.dropboxusercontent.com/u/4899609/cadusd10thsept.png