USDCAD sell active this NY session. News reaction gave the perfect discount entry with the news release supporting a sell for USDCAD, with a weak USD and strong CAD. This trade has the potential to go beyond the set targets but I am sticking to my 2 Tps - no space for greed! I actually took this trade on a 5 min chart but I can only post on the 15m timeframe. Will do a video breakdown should it hit set targets.
Note
TP 1 already met. TP 1 was of 2R and in this case- 40 pips.Trade closed: target reached
Target smashed! as mentioned, this trade had great potential to perform well beyond my set tps. simply because it was backed up by great fundamentals. to those with bigger tps. all the best!
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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.