Short USD/CAD at 1.2522 on 8/30/2017. Initial Stop Loss 1.2558
Loss: 36 pips
Short position established at pseudo inside bar near a declining 200 HR SMA with negative divergence on Stochastics. The trade initially looked promising drifting down to the 1.2500 level before the USD found a bid and quickly broke higher up to and over previous resistance as many dollar shorts were squeezed out of their positions and scrambled to cover. Good trade and a minor loss. On to the next one.
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