Continuing coverage of our live trade. A big move in USD/CAD on the heels of the Trade Balance figures for the U.S. and for Canada. We are going to take additional profits here at 1.0508, and move the stop down to 1.0545.
We entered yesterday at 1.0585 (see previous posts) We now have:
1/3 = profit of 40 pips
1/3 = profit of 77 pips
Total profit = 117 pips (So Far)
1/3 = still open
Our target for the final 1/3 of the trade is 1.0465. So, well either gain 40 pips if the stop is hit at 1.0545, or 120 pips if the exit is reached at 1.0465.
Comments? Questions? Is anybody out there? ;)
