There is a lot of support in USDCAD around 1.3250 mark. I have therefore gone long the pair at 1.3255 as I expect this level to hold. Target of 1.33- 1.3320.
Entry @ 1.3255
SL: 1.3230
TP: 1.3320
Entry @ 1.3255
SL: 1.3230
TP: 1.3320
Note
Bought another clip at 1.3222Note
I think we need to give the loonie some breathing room from time to time and therefore I have moved my stops to 1.32 (not hard stops, but I will start to reduce risk if we are to go below there and stay there for a while) and I will continue to manage it as we go. Sometimes it just needs some space to run, I bought a 3rd clip at 1.3208 to improve my average position.Note
closed half at 1.3145Note
Closed all at 1.3140
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.