FX.co ★ Trading tips for USD/CAD

The trading plan presented for USD/CAD earlier aimed at decreasing the price of the pair.

The downward movement happened during the US session, in which the quote tested the level of 1.35425, leading to the closure of short positions.

Congratulations to everyone who followed the strategy! The decline amounted to as much as 2,000 pips. Short positions may now be closed for profit.

The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.

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