USDCAD Trade Video Clip from July 11th Live Trading Room
Below is a video clip of USDCAD Short Trade before Bank of Canada rate announcement on July 11th in Live Trading Room
Prior to this live trade on July 11th, we wrote an article 6 days earlier titled: USD Forecast and BOC Meeting Next Week. In this article, we argue that USDCAD is showing a bearish sequence and thus whatever the BOC decision will be, we favor the short side.
USDCAD 1 Hour Elliott Wave Chart on July 11th
We sold the pair at 1.2943 and set a target profit of 1.273 for a 3:1 Reward to Risk ratio. We hit our profit target on July 13th for a 213 pips.
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