Trade view /
13 September 2016 at 10:06 GMT
The original trade view
expected USDCAD to retrace part of last week's gains due to the speed of the rally and the proximity to major resistance. It worked, sort of.
USDCAD declined rapidly and hit 1.3034 by the end of the day thanks largely to dovish comments from Fed governor Lael Brainard.
Around that time, the trade view was updated and recommended cancelling the second sell order and lowering the stop loss to 1.3092.
The revised stop loss was triggered in early European trading when the Canadian dollar followed Aussie and NZD lower. A drop in oil prices didn't help.
The trade was closed for a small 0.0020 point profit.
Sell ½ USDCAD at market (1.3115) balance at 1.3145
: 5 days
— Edited by Clare MacCarthy
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