So if you seen my last trade idea, I was waiting for USDCAD to come into the Daily resistance level. Well on Monday afternoon we finally came up and tapped the level. This gave me a strong indication that sellers would come into the market and push price lower. I then scaled down to the lower 15 minute time frame and waited for the Binary Destroyer to give me a signal to take it short. My stop loss was a nice 15 pips with a Take Profit of 45 pips.
Nice clean and simple trade!
Nice clean and simple trade!