The USD strength began to pick up early in the session and a long was taken in the USDCAD risking 10 pips for a potential 30 pips to our daily target at 1.3199.
The pair had already broken above its Asian range once and pulled back. It closed above this range again as the USD began to gain strength. The pair moved quickly to our daily target where the trade was closed.
As it turned out, the pair would double its range after we closed the position.
There was lots of movement overall today, but only one comfortable entry for me as the risk off sentiment drove the USD higher.
Good luck with your trading!
