The decision to close the $/Cad has proven wise. The pair has fallen from 1.0380 to 1.0326, as i write at 1640 GMT.
The falling wedge is however intact and i am tempted to re enter the position.
The trend line defining the bottom of the wedge shows support at 1.0320. This means a long position now would be filled at a great level.
Its getting late and experience has taught me ,that, it will be prudent to wait for the London open.
Good Trading.
No comments:
Post a Comment