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.
Comment:
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!