Monthly roof - 50 pips drop

FX:USDCAD   U.S. Dollar / Canadian Dollar
I am also short on this thing at midnight GMT . Great confluence setup. Seems like USD hit resistance on all pairs and cad (=crude oil ) is getting stronger against both usd and eur but usd is dropping down faster. Tight stop above R2. Keep this simple rule - take TP when risk reward had been covered at least 1 to 1 or more and dont risk more than 5 percent of your capital as losses do occur and if you have several trades with instruments that are correlated that can be a big blow to you account. My analysis are no financial advise, just sharing what I see.
Trade closed: target reached: Boom! TP (it was daily S3 which almost coincided with monthly R1) hit! I actually did 2 entries during this move


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