mrfalvo

USDCAD Short scalp

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has a lot of potential to continue coming down all the way 1.29 levels on the weekly point of view. This makes me believe that the value for each scalp to the short side is much more. I will be taking a scalp at this first touch 4 hour level with stop loss just above the peak and taking 50% of profits within my risk reward scenario. After that stop loss at break even with the hopes of USDCAD breaking lower.

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