Good trade to end the week – USDCAD

For last several days I had in my hit list a USDCAD potential short trade. The pair is in a nice downtrend respecting the trendline offering good levels for entry. I spot this level at 0205-0215 area where the heavier sell-off started by breaking down the 0208level at the beginning of the EUROPEAN session. The idea was to see how it reacts around 0180’s and then fade the move when it returns back to the mentioned area. Short limit SET, and forget. The price reached my entry point and went 10pips against me. Then reversed and created LL. This was a good sign of a weakness of this pair. Again, the pair was a darling to me and my TAKE PROFIT was reached while I was away. Decent profit of +62pips with a 2.5RR. Nice trade to end the week.

Enjoy the weekend.