After making 1100 pips on the down step of this pair I saw a tech bounce and went long again. That proved to be a bit profitable as today the USD is recovering some it's it's losses. I entered long at 1.1909 and set my stop 200 pips below that. I have raised the stop to a + 50 pips and I'll leave this trade open for the weekend.
Friday, December 19, 2008
USD/CAD: Long Entry @ 1.1909 is up 300 pips!
After making 1100 pips on the down step of this pair I saw a tech bounce and went long again. That proved to be a bit profitable as today the USD is recovering some it's it's losses. I entered long at 1.1909 and set my stop 200 pips below that. I have raised the stop to a + 50 pips and I'll leave this trade open for the weekend.
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