Short USDCAD for a shorter term position targeting the 1.3026 level on a move expected to develop to the downside soon.
Despite price action moving higher against our short position, we still believe a strong move lower is ahead. We are adjusting our target level to the 1.2900 level, which increases our potential profit.
Trade closed: target reached:
Price action nearly hit our target early in our trade but then tool the longer route but finally came back to hit our 1.3026 level to close out our trade. Still a nice trade, but had to earn that one with patience. http://www.thecharttraders.com