Wednesday, February 18, 2009

Trade Idea - USD/CAD

The Dollar/Loonie has been trading in a horizontal channel for the last day or so. The top of the channel looks to be at 1.2667 and the bottom at 1.2588. I'll buy or sell accordingly and use the other channel line as my stop. I'm using the hour chart on this trade. I'll keep you posted.

Happy Trading!