Trade Review: USD/CAD

We are taking a look at our USD/CAD trade on a 10 minute chart to get a better view of price action on Friday. Our long entry trade was hit as the pair drifted down before Friday’s economic reports. Retail Sales gave the greenback a boost and we saw pt1 hit soon after. Unfortunately, loonie quickly regained value against the US dollar and our second lot was closed out at break even.

Lot 1: +25 pips

Lot 2: +00 pips

Total: +25 pips