motleifaul
Short

Large Retracement

FX:USDCAD   U.S. Dollar/Canadian Dollar
28 0 5
We retraced the rise 78 % which is more than usual when the trend continues. But as this is USDCAD             which usually trades within ranges most of the time we may assume that another test of the downside will take place anyway.
Trade closed: stop reached
Trade active: I am re-opening the position as the USD doesn't hold above the old trendline.
Trade closed: target reached: It was a good idea to re-open this one this time.
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