Trade: Short USDCAD @ market (now 1.1065)
Stop Loss: 1.1150
Take Profit #1: 1.1005
Take Profit #2: 1.0900
Commentary: IntegrityFX Day Trading Strategy. USDCAD has hit the trendline that has held from the top in March all the way down. Meanwhile, the past few days of risk aversion has seen commodities and carry trade extended on the selling (at least in the short term) so we expect a bounce before the flight to safety continues.
Close half of the position at T1, then move up the Stop Loss on the second half to breakeven to lock in profit.
Note: We have a few trades open right now and, while they are all in profit, please be sure to manage and limit your risk accordingly.
Trade Status: Open
