Friday, September 21, 2007

USDCAD Trade

USDCAD Trade


Here is another excellent trade opportunity offered this month by USDCAD pair.

On the chart is visible the strong down trend started 11th September. Small retraces offered nice opportunity to add more orders.
The first greater retrace up was on 19th where I took my profit form orders placed last 7 days. And I placed a new sell stop order below of the low of the green bar. Next day it was hit and I was in the 2nd trade where the 2nd entry was a small loss because of the retrace.

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