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Trading a breakout in USDCAD: Coleman
Ian Coleman of First4Trading.net explains in a technical analysis of charts why he is buying USDCAD.
He is looking to buy on a break at 1.2600. The stop is 1.2570, but a move to 1.2620 in the trade will mean Coleman’s stop will be raised to 1.2590. The target for this one-to-two day trade is 1.2665.
Coleman explains the background to a selected trade every week on Trading Floor.
NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
03:40 minutes
Tags: USDCAD, home.saxo, ian coleman first 4 trading, saxotrader, saxotradergo, tradingfloor.com
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