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Hi to all community members,
USD CB Consumer Confidence released result is 121.1 against the 116.5 forecast that is why the USD rebounds. My order is buy USDCAD at 125.21, which has just been filled, SL is at 124.95 (26 pips), TP at 125.73 (52 pips), a 1:2 risk:reward. I choose USDCAD because of all the major currency, i think the pair is the most oversold based on daily stochastic which is below 20. This is only a short term trade, if by tomorrow my TP did not meet, I will adjust my SL and TP.
USD CB Consumer Confidence released result is 121.1 against the 116.5 forecast that is why the USD rebounds. My order is buy USDCAD at 125.21, which has just been filled, SL is at 124.95 (26 pips), TP at 125.73 (52 pips), a 1:2 risk:reward. I choose USDCAD because of all the major currency, i think the pair is the most oversold based on daily stochastic which is below 20. This is only a short term trade, if by tomorrow my TP did not meet, I will adjust my SL and TP.
