USDCAD – Sell Trade Update

USDCAD – Sell Trade Update
Following up on the earlier USDCAD short. Price is now approaching the projected lows, and downside momentum is starting to slow.

This area is a good place to protect gains, as I don’t expect a strong break to new lows based on the current fundamentals.

Trade Management Update:

• Price is nearing downside targets
• Momentum is slowing near the lows
• Trailing stops now makes sense
• Consider taking partial profits on a potential 10R trade

Outlook:
Further downside may be limited — this looks more like a completion zone than a breakdown.

Call to Action:
Lock something in, trail stops, and let the rest run wisely