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May 23, 2007

USD/CAD Trade Idea

Here's a new trade idea for the USD/CAD. It will eventually correct. And I think soon.

This is the daily chart. You can click on either of these images to make them bigger.

That dashed trendline is going to be our profit target. But what about the entry? I like an entry on a close above the 4 Hour chart trendline:

May 16, 2007

We lost the last entry

We lost the last entry. We will post a new entry soon.