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Current CAD Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Oct 25, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Joined:
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    CAD weakness and trends should continue and emerge on other pairs.
    CAD/JPY – long term trend is down set sell alarm at 74.40, there is some room to move down below there but we are hoping the support a couple of hundred of pips down will be broken. Some risk here is that the JPY pairs are moving in two directions, CAD weakness is the likely driver on this pair.


    GBP/CAD and EUR/CAD – Resistance breakout points are 1.6385 and 1.4330, respectively on these two pairs, they are both now on watch for buys. Current market prices on these two pairs are away from the alarm prices but we would set price alarms anyway on these pairs to start to monitor tonight. As the week progresses if these two pairs break out past these prices we see a lot of potential pips.


    When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for CAD weakness or cross currency strength or both.

    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
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