Optimally, buy at 98.00 flat, hoping it dips to that level again. If impatient, try to buy under 98.20. Stop Loss 97.67, Take Profit 98.98. Long Term (couple months) expect a return to over 100.00 (not very confident about long term predictions).
Optimally, Risk 33 pips, rewards 100 pips. R/R = 3:1
You can sort of make out a head and shoulder pattern developing since mid july. I would buy any point under 1.2400. Stop Loss at 1.2357. Short term Target is 1.2470. Longer term target 1.27 (2 months). Of course, if Resistance breaks at 11.2358 then expect EURCAD to fluctuate between 1.22-1.23 until better news comes out of Europe.
Good buy at 0.98515. Stop Loss at 0.9827 which is support from a while back (several times last August and September) . First point of resistance comes at 0.9900, so conservative play is to close half of your position at 0.9897 and then target is 0.9918 (a bit under 0.9920).
This gives basically 2:1 risk:reward at the 0.9900 level, and close to 3:1 risk:reward at...
