Trade of the day 07 July 2010: $USDCAD short
I was going short of USDCAD and long AUDUSD, however, Aussie order was not filled, missed the move. Dang. Anyway, I thought USDCAD trade was beautiful, and is worth sharing here. I went short after price reached the resistance level. In other words, I was waiting for the pull back to complete and the sell off to resume. I have two profit targets completed, and one still trailing. Looking at 1.05 as target now.
Here is the CHART
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