The Dollar/Canadian pair is again trading in a horizontal channel and has been for the last 25 bars or so (on the one hour chart). I'll look to buy if the hour bar closes above 1.2543 or below 1.2455. Stops will go at the other side of the channel with the move to break even at +50 pips. Sound familiar? By now you should be seeing the pattern in my trading. Nothing sexy. Just capture a few pips here or there and voila', you've got a successful and profitable trading plan. I'll keep you posted.
Happy Trading!
Happy Trading!
