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
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.