maccabean

Buy stop/sell stop placement on the USDCAD

FX:USDCAD   USA-dollar/Kanadensisk dollar
0
Using fibonacci and triangle pattern analysis, I'm looking to place entry points for my next USD CAD. With this in mind, I've placed a sell stop below the very important 0.764 level in case it drops below that and above the last high I've placed a buy stop. Remember I'm not suggesting the price will break out of the triangle pattern, i'm just looking for levels at which to place my orders. In this case, I believe I have found some pretty strong levels supporting both by triangle and fib.

Your thoughts please!

www.thealphagenerator.com

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