Short

Short USDCAD - Half R (risk) position

Updated

I am a USDCAD bull but here I would like to short USDCAD at 1.33 with 50 tick stop. Targets are 1.32 and 1.31. Will post the details later as I am constrained on time but I think we will test the range below again as S&P and Oil get some push higher

Trade closed manually

Closed for 55 pips . Perfect reaction from entry (ok ok we got 7 pips offside :) ). Will reenter on any opportunity during US session especially around the crude inventory data. Can reenter at 1.33 or 1.3280-85 if feeling a bit aggressive.

Happy pips

Trade closed manually

For those who didnt close and still riding I would suggest to close atleast 60% of the position here i.e current price band is 1.3155-65.

Note

Please close the full position in the range 1.360-70. Reenter around 1.3240-1.3280 with stop at 1.3340...... rinse repeat

Note

I meant 1.3160-70 in the update above :)

AhmadFarhan

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