Thursday, January 26, 2012

Short on Usd.Cad


yesterday we mentioned how Usd.Cad broke through major support levels and the bulls so far have failed to rally it back above the 1.050's so we decided to short the market at this point. this is a fairly large swing we have taken so we will proceed with caution especially with the fundamentals tomorrow. We will move our stop down towards our entry once we are up about 60/70 pips.

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