The Canadian dollar CAD= weakened to a four-year low against the greenback on Wednesday and according to (Reuters) - The dollar soared across the board on Wednesday, hitting multi-year highs against several major currencies, as companies and investors worried by the coronavirus outbreak rushed to the perceived safety of the U.S. currency.
IF THE DOLLAR CONTINUES TO GAIN STRENGTH I AM LOOKING AT A POSSIBLE SELL ON THE USDCAD
SL - 1.44573
TP1 - 0.382 (1.41526)
TP2 - 0.5 ( 1.3998)
PERIOD - SWING TRADE 1-5 DAYS
IF THE DOLLAR CONTINUES TO GAIN STRENGTH I AM LOOKING AT A POSSIBLE SELL ON THE USDCAD
SL - 1.44573
TP1 - 0.382 (1.41526)
TP2 - 0.5 ( 1.3998)
PERIOD - SWING TRADE 1-5 DAYS
Trade closed: stop reached