USDCAD Short Channel Trade

FX:USDCAD   U.S. Dollar / Canadian Dollar
Possible short trade, expecting USDCAD to fall back to the lower channel line. Good risk to reward of 4.5:1. Stop is placed outside of the upper channel line, if stopped out would need to re-evaluate and possibly look for a long breakout trade.
Apr 09
Trade closed: stop reached


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