If you don't know much about CAD, when USOIL starts pumping this effects how CAD plays, when oil prices rise so does CAD. Likewise when Oil prices start falling the Canadian Dollar get's weaker. I'm basing this trade off looking at Oil and expecting it to start slowing allowing the Yen to get a bit of strength and see this pair fall some what.
Nice 22 pip SL and letting this run through the Asian market and see what it is like in the morning before the London open. 1% risk on this trade with a decent RR to be had.
Nice 22 pip SL and letting this run through the Asian market and see what it is like in the morning before the London open. 1% risk on this trade with a decent RR to be had.