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The usdcad closed with +72 pips for around $1500. The accuracy of our decisions appearing to confirm our theorizing up till this moment. This same pair was in the middle of an interesting situation that, whilst existing outside our system has great potential in being brought into it. A lot is already known about this situation and many of our predicitions prooved accurate. The problem is creating an actionable plan. Observing this event we since generated a plausible idea on how such a situation might be traded in the future. This is discussion in the video below.



Good Trading









At the time of writing our live Usdcad trade is up around 35pips. We took off 25% as mentioned at 10pips at 1.3906 with 75% of the position still open. The daily close at 1.3874 looks like a decent profit target. Depending how we approach this area I will remove another 25% to 50% here.





Good Trading.


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CONQUEST STRATEGIES

Blog of an Australian Currency Trader, Steven Conquest. 

 Trading Ideas, discussions, setups and strategies are posted weekly.

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