My trade in USDCAD finally trigger late yesterday afternoon. I let the trade run all night long and price never bounced like I expected. The price action was just consolidating allowing the moving averages to catch up. I let the trade run until about noon with no luck so when I noticed the extended move made in AUDUSD I decided to take my tiny profit and throw my net out at the 1.0524 area which triggered a short an hourly later. I like this long extended move up way away from the 20 ma and breaking major support. This picture does not show it but price has already put in a topping tail and I’m in profits already. I’m looking for a 40 pip profit on this new postion short in AUDUSD…
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By TraderHank
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