tradingmakesmoney

USD/CAD short from the daily highs

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Perfect short opportunity on the Loony off of the daily highs here. Momentum is still screaming higher, so I will be cautious with taking profits and not expect an all out reversal here. But we should see some rejection before price will break through the highs.
Comment:
Katching. Taken profits despite the large spread. Luckily we hit our target after paying the spread.
Trade closed: target reached:
Done and dusted.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.