CleoFinance

USDCAD - short weekly chart

Short
CleoFinance Updated   
PEPPERSTONE:USDCAD   U.S. Dollar / Canadian Dollar
Re-enter from this idea:

Aggressive SL was taken out, IMO trade is still valid.

Entry: 1.347
SL (aggressive): 1.358
SL (loose): 1.362
TP: 1.317

Trade is 2.74R, or 2.1R with loose SL
Comment:
USDCAD is taking its time. Aggressive SL was taken out again, loose SL is still active.

What makes me doubt this trade is the fact that DXY and EURUSD has moved a lot - as expected - and yet USDCAD is still stalling.
I am not very enthusiastic about this trade, but will stick to it.

Trade closed manually:
Very close to the loose SL, but I think it's just a matter of time. DXY is just too strong and has clear objectives higher. Wrong on this -2R in total for both USDCAD shorts.

Innovative all-in-one trading and backtesting platform

cleo.finance

Test trading strategies on crypto, stocks, indices, forex with decades of 1-min data.
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.