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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 19, 2011, 11:05:19 am

Title: Trade Idea: USD/CAD ? Hold short entered at 0.9950
Post by: machala on February 19, 2011, 11:05:19 am

Trade Idea: USD/CAD ? Hold short entered at 0.9950

<p>As the greenback has fallen again after brief recovery (just enough for our short entry at 0.9950), bearishness remains for a test of recent low at 0.9832, break there would confirm downtrend has resumed and extend weakness in wave (iii) for further fall to 0.9800 and eventually towards indicated downside<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/W8u_Ov3Hg7Q" height="1" width="1"/>

Source: Trade Idea: USD/CAD ? Hold short entered at 0.9950 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/W8u_Ov3Hg7Q/)