Tuesday, September 8, 2015

New USDCAD Signal

As of 09/08/2015 at 18:30 EST:

The Global Currency Scalper is looking to Buy USDCAD

We are looking for the USDCAD to continue it's recent uptrend.  On the 4 hour chart it's forming a nice triangle pattern, we would like to see a close above this triangle before initiating our long position.

Targets will be the figure of 1.34000, 1.34500 and the figure of 1.35000.  Our stop will be placed with a break of the lower trendline of this triangle.  If this pair closes below the lower trendline of the triangle the signal will be null and void.

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