Trade Review: USD/CAD

We saw the greenback spike up after the US economic reports were released, most notably the PCE y/y coming out with a slightly higher number. The pair actually rose up and triggered our long entry order an hour or so before the reports. Unfortunately, the US dollar sold off a few hours later on fears of rising oil prices and summer storms. So, our first target was hit, but our second lot stopped out at breakeven. Not a bad trade.

Lot 1: +20 pips

Lot 2: +00 pips

Total: +20 pips