Pivotfarm | The Home of Support and Resistance Trading. Looking to Buy USD/JPY. Forex Technical Analysis | Forex Trading | Resources For Forex Traders. USD/CAD: Day Trading a Possible Reversal - Trade Canceled | Forex Blog: Playing with ComDolls. Trade Canceled: 2012-04-03 00:04 Thank goodness I stuck to my trade plan and avoided getting chopped up by USD/CAD’s price action last Friday. As I mentioned, since this was supposed to be a day trade, I’d cancel my open orders if my sell stop order doesn’t get triggered on the same day. Good thing my fingers were fast enough because USD/CAD actually dipped to my entry area later on before bouncing back up and hitting my stop. I think that was around the time the U.S. printed a weaker than expected initial jobless claims report, which triggered some safe-haven buying.
For now, it looks like the range on USD/CAD is still holding but I might have to look for other setups to play instead. Got any ideas you’d like to share? Trade Idea: 2012-03-27 07:24 In an effort to clock in one last winning trade for the month, I’m taking a day trade on USD/CAD! If we take a look at the pair’s 4-hour chart we can see that the pair is sporting reversal signals near the week open (WO) area. EUR/USD Forex Forecast Reviews | Learn Forex Trading. Forex | Forex Trading | Currency Trading | CFD | Gold | MetaTrader MT5 | LiteForex.com.