USD/CAD: Short @ 1.2980 - Up 700 Pips

The USD/CAD pair has fallen from levels of 1.30 and is looking like a correction in it's current uptrend. I entered a short at 1.2980 just after it reached 1.30 it started to turn around. I have lowered my stop to catch 300 pips profit @ 1.2680 should it turn around on me.

I'm not really a short player and it's not traded for me as often as others might. This is not because of my eagle eyes not spotting trades on the short side it's more of my Long / Bullish style I developed when trading commodities and stocks. I hate trading stocks and I still love commodities.

That is not to say I never trade short, I am just better at picking bottoms rather than tops. I tend to lose more on shorts and it's only when I see a definite "winner" on the short side that I will take a short trade. Sometimes is comes after I exit a winning long.