Hi trader_scott,
I have actually gone short just before candle close on the usd/cad. (14:45 gmt)
@1,0160 SL@1,0200 TP@1,0095.
I know CT's are risky, that's why I moved SL to BE as soon as the trade passed the +25.
The TP is on the 21 (maybe slightly below) because it could be a TC bounce off 21.
The only thing I would worry about a TC on the usd/cad is, that the pair is
in an overbought range since november. But still there are many pips
to be made before it turns.
Greetings
I have actually gone short just before candle close on the usd/cad. (14:45 gmt)
@1,0160 SL@1,0200 TP@1,0095.
I know CT's are risky, that's why I moved SL to BE as soon as the trade passed the +25.
The TP is on the 21 (maybe slightly below) because it could be a TC bounce off 21.
The only thing I would worry about a TC on the usd/cad is, that the pair is
in an overbought range since november. But still there are many pips
to be made before it turns.
Greetings