GBPCAD and CADCHF signals

Written by Raul Lopez on March 8, 2011. Posted in Trades & Analysis

We got two signals triggered today, we actually got three signals (another one in the USDCHF) but decided to enter only in the following pairs:
GBPCAD short signal, it is trading in a bearish market condition, it broke through an important LT support  level triggering its condition. It retraced back to the ST resistance level and formed a pattern with downward pressure:

Here are the details of my order:

Entry: 1.5715
SL: 1.5752
TP: 1.5403

CADCHF, long signal, as we have been talking about in previous posts, the CADCHF is one of the pairs that its trading in a very clear market condition, its been like this in the last few months giving us very good signals. It is trading in a clear bullish market condition, retraced back to an important ST support level and formed a significant pattern with upward pressure:

SL already moved to 0.9541 (locking in some profits).

Entry: 0.9528
Trailed SL: 0.9541
TP: 0.9819

Trade Safe!

Raul Lopez
Forex Training

Tags: CADCHF Analysis, GBPCAD Analysis

Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.