Tuesday, June 7, 2011

Some of todays trades: #NZDUSD & #USDCAD

Here are two trades that were taken today.

First: bought the kiwi on the touch of the parallel line. Another position could be added at the break of the upper trend line.

Second: Sold USDCAD on the break of the LTL of this triangle-like formation.

As you can observe, both trades were supported by formations and MACD divergences.

Here are the charts:



The 60m chart demonstrates the diamond consolidation formation. Below, the MACD bullish divergence.






The 60m chart and the triangle + divergence.

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