Trade: Long USDCAD @ market (now 1.0277)
Stop Loss: 1.0170
Take Profit: 1.0750
Commentary: Day Trade Strategy. Long term day. At 1.0400, move the Stop Loss to breakeven. USDCAD has strong support near 1.0200 from two previous lows from 10/2009 and 01/2010. We are looking for that support to hold and for USDCAD to range back toward 1.0750-1.0800. We are risking over 100 pips with our stop loss, so be sure to calculate your risk (this will likely […]