Thursday 15 May 2014

Forex : 15th May : USDCAD New Entry

P&L Running Total - b/fwd 1 R Loss - Today 0.0 R Loss - c/fwd 1.4 R Loss


USDCAD has been grinding down and had a pull back that was rejected.  I would sell right here looking to target the resistance zone below at a minimum.  Stop is 1.5 times the average daily range giving us a Reward nearly 2.5 times the risk.  I will trail a stop each time I get a new low close.

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

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