FX.co ★ Tips for trading USD/CAD

The trading plan presented for USD/CAD focused on increasing the rate of the pair.

It played out as expected, with dollar surging in value after the ECB press conference yesterday. It hit a two-week high, allowing bullish traders the chance to close long positions and gain profit.

Congratulations to everyone who took followed the idea! The pair moved by as much as 1,100 pips.

The trading idea came from the "Price Action" and "Stop Hunting" methods.

Good luck in trading and don't forget to control the risks! Have a nice day.