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ScottMescudiForex
Nov 3, 2017 11:50 AM

USDCAD : HIGH RISK, HIGH REWARD Long

U.S. Dollar/Canadian DollarFXCM

Description

Hi traders,

(As always, this analysis was shared with our students first)

USDCAD made a perfect retracement of the 0.5 FIB of the previous trend. USD might make another push against all pairs this morning when the NFP stat will get released. This is a HIGHER RISK trade because trading before fundamentals news creates gap and does it usual SL hunting.

Here's what I'm thinking :

USDCAD LONG:
ENTRY : 1.2827
SL : 1.27438
TP : 1.33688


Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

Trade closed: stop reached

Price wicked down hard when NFP dropped! Unlucky!
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