SteveTobin
Long

Steve's Trade of the Week: Long USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
128 2 9
I return to the trade of 3 weeks ago (profit of 126 pips made). The USDCAD             has again broken through the symmetrical triangle and the fundamental data at the end of the week (good US poor CAD) give this trade a bright outlook. I will open to trades at market open first has a target of 126 pips (1 ATR) second will have an open target, stop loss will be set at 1:29. Although the recent trades have been closing quickly these trades normally run for 5 or 6 weeks.

Update: Open trade NZDUSD             had a poor week due to the strong US data this week brings the RBNZ which will likley be make or break for the trade
Trade active: Trade opened at 1:3179
Trade closed manually: pattern has broken down, trade closed at 1:29 for a loss of 279 pips
Long ? where ? no blue sky above
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thx
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