USDCAD PROFIT

USDCAD PROFIT
30th August 2016 contacttf
A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

I got in a little late in this trade. I was caught out watching another pair. USDCAD 1, 5 and 30min all line up. My initial exit target was 1.30310, because of double resistance points on 3omin chart.

I panicked and closed out earlier. Oh well. I will need to learn from this.
Hate breaking my trading system.

The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.

 

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