Quote:
Originally Posted by Gregory McLeod
This was a big fish that got away! The Trend was someone's friend.
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Unfortunately, I didn't catch this fish, but I was close. I was expecting USD/CAD to go down, but only after trying to take out 1.18135 (the 18.05.2009 high). I didn't open yet any position to catch the uptrend, because I was afraid that the pair might fall under the 61.8% retracement of the uptrend. Well, now that it reached there, I'm going to wait for a double bottom, as confirmation that it will not go even lower. What is the stongest support line in your opinion?
