POTENTIAL TRADE: USD/CAD
On USD/CAD, short positions at current market price look very appealing, however, I will wait for tomorrow's New York session to trade this short. For those of you interested in this trade, you can enter now at the current price with a very tight 15 PIP stop loss. Potentially gaining 61.5 PIPS, whilst maintains a risk to reward ratio of 4.09. We have also observed a gap at market open, thus there is a high probability this the gap should be filled within this week.
On USD/CAD, short positions at current market price look very appealing, however, I will wait for tomorrow's New York session to trade this short. For those of you interested in this trade, you can enter now at the current price with a very tight 15 PIP stop loss. Potentially gaining 61.5 PIPS, whilst maintains a risk to reward ratio of 4.09. We have also observed a gap at market open, thus there is a high probability this the gap should be filled within this week.
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