EliteTrader101
Long

UsdCad weak longs all shaken out so ready to rise

FX:USDCAD   U.S. Dollar / Canadian Dollar
This trade was a bit tricky for a buy and hold type of trade. I tried 2 times to pick the bottom yesterday and had a feeling that they would trap at previous day's low, but they made the trap move while i was sleeping. After i woke up today i saw the trap and entered long to catch 1/2 of the move. I might buy a tiny bit in this balance zone, then place a huge order in the green box below for FOMC tomorrow on the potential H&S pattern.
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