Retracement in the Near on USDCAD

Price did just as we expected. Now dont let this fool you, in this case we were lucky. Given the behavior we have experienced I still see further downside potential in this pair. I am just guessing to the extent and profundity of this move to come, but if my expectation is correct it probably is better to wait it out on the sidelines. Now this said, if your still on after my last market view on this pair, I wouldnt manually close this trade, Id adjust my stop to let it be hit by price once it starts to correct upward. By doing this we ensure to catch a further move down if it turns out price has a further decline to do before what I just explained happens.Happy Trading.