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HexVex
Mar 10, 2015 11:22 AM

Daily Parabolic Has Switched To A Long On Breakout Long

U.S. Dollar/Canadian DollarFXCM

Description

Bull flag at resistance pushed price through the descending trendline. There is general USD strength today and continuation is highly likely as the daily parabolic has switched to a long position.

Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.

Good Luck!
Comments
HexVex
First target reached. Took some profit. DXY touched 100. The rest depends on if it settles above 100. Moves stops to protect positions.
HexVex
Stopped out :)
HexVex
DXY broke above 100. We need a weekly close above for target 2 and beyond.
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