Trade view /
16 August 2016 at 10:08 GMT
The original trade view suggested waiting for a bounce in USDCAD back into the 1.2930–40 area to sell, anticipating continued bearish sentiment for the US dollar and firmer oil prices.
USDCAD bumped into the sell overnight and if you were extremely lucky, your order was filled at 1.2930, coinciding with the spike in WTI oil prices above $46.00/barrel
If so the take profit level was hit in the late European morning, closing the trade for a gain of 0.0070 points.
For the record, my order at 1.2935 was left fluttering in the wind and was not filled.
Note: this trade view is now dead.
Sell USDCAD on bounce to the 1.2930-40 area
Time horizon: 3 days
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more