SDS New Signal 2th, May 2013

Shark’s Daily Signal

USDCAD long

This is a trade from the daily timeframe (D1). The $CAD stopped it’s downmove exactly at the 200 EMA which is also the 50.0 fibonacci level (yellow area). It started to move up from that level. As soon as stochastic is crossing, you can look to enter a long trade. Put SL below the 200 EMA (>40 pips). TP is the 38.2 fib level.

2013-05-02-USDCAD

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