USD/CAD Long, June 9, 2010

I missed the entry candle’s close, but it’s still an affordable trade, so I’ll jump in now.

Here’s the chart:

Click to Enlarge

My SL is at 1.0330 (below the recent low)
My PT is at 1.0620 (Just below the secondary high)

It is at the 800sma on the 1h chart so it could range for a bit first.

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Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs.

In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.

Be good to you,
Triffany

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