Trade Review: USD/CAD

(Click on chart to enlarge)

This trade didn’t work out exactly as planned. It did make a move up to the 200 SMA as planned, it didn’t quite touch(about 3 or 4 pips off), and then it made a move back down to the 100 SMA. I forgot to mention to take the trade off before the NFP report. Oops! I never have a trade on during that report. As you can see, that report causes extreme volatility and is very dangerous to play.