
After riding a great short on this pair I noticed the downside momentum fizzling out so I closed the short and I have gone long on this pair and initially set my stop 200 pips below the entry. It is now up 200 + pips and I have raised my stop to lock in 100 pips profits - If the CAD is to get weaker I will be at a good price for now I'm up but if CAD strengthens in the next few days this trade will get taken out.
Here is the chart
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