A quiet Monday with little economic news to drive price. The USDCAD made a brief move higher as North American traders began their day. Price then reversed lower following a bearish engulfing candle. A short was taken risking 14 pips for a potential 40 pips to our daily target at 1.2674. Price dropped through its Asian session low and continued to our target where we exited the trade.
The economic calendar is fairly light until Thursday. Trading hopefully will be less volatile.
Good luck!
