Hi Traders,
If you traded USD/CAD this morning you will have closed at our take profit point and enjoyed a nice +85 pips, but we did not reach our entry price for our second unit. I am now looking add to the trade as the down-trend is still in our favor unless it pops up over 107.20. The stop loss is reasonably tight here, so I am going 2 units, but trade 1 unit if you have a lower risk appetite. Here are the details of my trade:
USD/CAD
Sell 2 units at 106.880
Stop Loss at 107.310
Take Profit on 1 unit at 105.98, second unit left open for now but move stop loss to break-even.
From the Desk of
Aaron Reid
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