Trade Review: USD/CAD

Apparently, the negative US economic news today wasn’t enough to strengthen the loonie against the US Dollar. With consumer price inflation dropping, we may be seeing a slowdown in growth for Canada. Is this a sign of what’s to come from the great run the Loonie has had against the Greenback? Only time will tell, but for now our short trade was entered, then unfortunately stopped out. Grrrr!! In hindsight, a good ol’ breakout would’ve done just fine, but that’s hindsight – we learn what we can and hope not to make the same mistake twice. On to the next trade!

Lot 1: -20 pips

Lot 2: -20 pips

Total: -40 pips

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