After an impressive NFP number last Friday and impressive numbers coming out of Canada, the USD is having a challenge rising against the CAD. With oil prices moving up today the CAD strengthened against the USD. As the pair began to roll over, a short entry is taken with a 15 pips stop loss and a greater than 6:1 R/R.
As price moved down…sellers pushed it through both yesterday’s low, the Asian low and our Targets 1 and 2.
Good luck with your trading!
Be very careful as the Greek situation may produce extreme moves from headline to headline this month.
Back tomorrow if we find a trade.