I've been scaling into this daily chart, with an average price of 1.3207. I expect it will get back up to 1.3307 in the next week or so. It seems to correlate with a stockmarket correction of reasonable magnitude so i will be out of stocks coming up to the election. I use the USDCAD as a hedge trade against stock position because OIL is speculative etc I usually try getting into this kind of 'hedge' against my stock positions when I am in a fairly good profit ( I don't own the stocks, I have synthetic options positions such as bull put spreads etc - so close to options expiry 15 OCT, if i am in profit well and place this kind of hedge to 'lock in' profits without getting stung with options brokerage until expires....)
Trade closed: stop reached
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Seems like a bad idea now. I think I'll seperate my forex trades from my stock trading in future....!