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BK Big Trade USD/CAD Long 05.04.2016 +53
5/4 – Close USD/CAD at market 1.2873
Moved quickly we hit 1.2858 for +53
Reload at 1.2825, Stop at 1.2625
Buy USD/CAD at market (now 1.2805)
Stop 1.2630
We’ve gotten a serious trend change in USD/CAD after this morning’s horrid Canadian trade balance numbers. Friday’s employment report is likely to show weakness as well after the strong numbers from the prior month. A break above 1.2800 paves the way for move to 1.3000.
Swing