JosephMemphis
Short

USD/CAD - A very unpopular opinion - SHORT Daily

FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
35 0 2
Sometime one's position in trading can prove to be a lonely place. This USD/CAD             SHORT trade is not famous.
Comment: 1.3251 was established on July the 27th 2016 as the "final defence line" for the bears. 1.2828 is a phycological target. Tough call but more sell orders were initiated on this security on July the 25th 2016;
Trade closed manually: Buyers were stopped at the "blue zone" as anticipated however, seller are failing to push this market to the lower targets of 1.2576 and 1.2492. Maybe a last push higher is needed before lower targets are hit. I have taken my Profit on this trade and reversed position.. but will keep watching the downside of interest.
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