Hi Traders,
I am looking at the USD/CAD pair, and I think that we may be looking at the end of the rally in riskier stocks and currencies. I am going to go very light on 1 unit of USD/CAD in anticipation that the US Dollar will strengthen as stocks decline. Due to the fact there is only preliminary evidence that the risk rally is over, I am keeping my stop loss quite tight.
USD/CAD buy 1 unit at 109.175, SL = 108.900, TP is open at the moment. Stay posted as I may look for a quick exit as things develop.
Risk: 30 pips or $280/$28 per unit
Reward: Open
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