CAD 0.00% 1.3552 canadian dollar

Hey Spec, My longer term outlook going by the ascending triangle...

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    Hey Spec,

    My longer term outlook going by the ascending triangle is bullish and does seem to be and overall uptrend from the start of 2016.

    I drew the blue trend line about a month ago and it seems to be respecting that one pretty well.
    I haven't traded currency yet but would a basic trading strategy, going by my trend lines and the descending triangle be..
    A short on the bottom side of the blue line and a long position on the top??
    I was more confident with the 'short-time' short, then the long for just now.

    Curious as to why you were long here, (longer or shorter term?)
    Could you post a chart and or your ideas, I would be interested in hearing them.

    Thanks mate

    (edit - I see it has now broken through that blue line of support)
    Last edited by radx: 27/04/17
 
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