This is a USDCAD Buy Idea. It's mainly a Bearish market so I am wondering if this is going to be a temporary turn around. I would tread lightly in lot size because of it being bearish overall.
Comment:
Right now USDCAD is retracing. I would go ahead and secure at least 20 pips of profit. That way if she comes down to retrace to the 50% area of the initial BUY candle, you've secured your profit. This is now going to be considered a risk free trade. THE ORIGINAL SL IS NOW VOID