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5/26/07 11:12 AM -07:00
The price of USD/CAD hit the low of
1.0774 before it bounced a little bit
and closed at 1.0795. The dramatic
move came when the price hit 1.0860
during the Euro session and suddenly,
went straight south and broke any
support level there was easily.
The MACD histogram still shows
divergence. However, during the
past few sessions, any tiny little
rebound was seen as another great
opportunity to short this pair.
My
long entry was at 1.0835. It is 40
pips against me at this point.
Hopefully, the divergence will prove
itself again next week as a successful
trading strategy.
Click the image to see the full size
Last
Updated:
Sunday, October 07, 2007 10:27:34 AM -0700 |
