FX:USDCAD U.S. Dollar/Canadian Dollar
long for long time.
Take offense at this or not but that just isn't a smart thing to do in my opinion. If the trade turns south you lose a lot more than what you would have if you waited. If the trade works out, you lose a lot more money that you really shouldn't have. I think that it is best to be patient. Money management is much more important than any sort of analysis.
May is a good month for the dollar, after the recent increases in oil prices, now would be a correction. The dollar may always strengthened to most currencies. Very good idea. Last year, the USD / CAD in May 3.12%, 2014 years -1.06%, 2013 + 3%, 2012 + 4.62% up. The US dollar will be strong in May.