Tuesday, September 9, 2014

3 Times a Charm!!!

Is it just me or has the USDCAD just posted a shooting star? Looks to me like the banks are doing a little accumulation and distribution! If this is the case then I'd be looking to sell in the near future on USD profit taking and some technicals and some of whatever comes in the next days. The figure below shows me there some selling in the near future. 
Many large buy orders and extremely heavy sell orders eventually creeping upward to wipe out as many limit/sell orders waiting to be hit. Plus I like the fact that 1.100 has been tested 3 times.

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