USDCAD going short| 14 April 2020

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Hey everyone, today we are on USDCAD , requested by Manjahi.

We explained why USD weakened in the video and it is possible that as U.S. stock market rebounds, USD could weaken further. Also need to be careful that tomorrow BOC rate meeting is on schedule and could cause huge volatility in the pair. It is always good practice to close your position before big events.

entry: 1.39784
stop loss: 1.40752
target: 1.36058

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ملاحظة

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تم إغلاق الصفقة يدويًا

Hey as we explained in the video, we should close our position before yesterday's BoC meeting. CAD weakened after BoC keeps it open to purchase more assets. It is always a good practice to avoid big events like central bank meeting.