We are looking to sell the USDCAD even after the hawkish comments from the FOMC last night. Oil has started to rally which in turn has given some strength to the CAD. This is a trade against the overall fundamental direction of the USDCAD but it should post a sizable pullback on support before another rally. The technicals show the bullish channel breakout and A lower high within the channel followed by an engulfing candle. Leanr more about how I trade boafx.com
Komen:
sold at 13160
Komen:
moved stop loss to B/E
Komen:
have taken 50% profit
Komen:
stopped out B/E on remaining 50%