ForexForex SignalsForex Trade IdeaJanuary 2011Looniesimple tradingsupport and resistanceUSD/CAD
Loonie Trade Idea – Part II
Recently we looked at the USD/CAD chart, I suggested that the pair was due for a fall.
Recently we looked at the USD/CAD chart, I suggested that the pair was due for a fall.
Support and resistance levels are one of my favorite places on the chart. However, I do not always expect price to reverse at these levels. I do not consider these levels on the chart to be walls, but rather these support/resistance levels are much like a beer belly.