Wednesday, July 2, 2008

Missed USDCAD trade

Beautiful candlestick formation formed in USDCAD pair.

I posted before and said that I will take a trade based on MACD signal should candle formation forms well and it did form just like I wished for. Unfortunately I had something to do and I had to leave my desk and missed the boat. The body of the bull candle with medium-tail under it creates a high probability for price to go higher.

- For new forex beginners I will soon post a quick start on how to start a forex business such as opening an account, how to buy/sell currency pairs, etc...

Mairza

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