The USDCAD pair has been on a quite a choppy journey!
A lot of false break outs causing shorts and longs to be squeezed.
Following on from the Nafta weekend agreement in principle, the CAD has benefited nicely.
We are now trading below the daily range, and we are seeing a lot of bearish candles.
I will be running a trailing stop on this pair - As always, I am risking 1% capital on the stop loss, but will be reviewing the level. Ideally you would place stops back in the range to be safe, but that leaves too many pips on the table.
A lot of false break outs causing shorts and longs to be squeezed.
Following on from the Nafta weekend agreement in principle, the CAD has benefited nicely.
We are now trading below the daily range, and we are seeing a lot of bearish candles.
I will be running a trailing stop on this pair - As always, I am risking 1% capital on the stop loss, but will be reviewing the level. Ideally you would place stops back in the range to be safe, but that leaves too many pips on the table.