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  • Smack the Markets

USDCAD Long Swing Trade

USDCAD had been on our watch list for a trade above 1.36500 for a few days, eventually a nice opportunity arose once price retraced back to the break out level which now acted as good support as can be seen on the daily chart.

We waited for evidence of a trend change on the 15 minute time frame and then placed orders around an aggressive long set up.

As we expected the US Dollar continued to strengthen which helped USDCAD move long in our intended trade direction. The trade resulted in a little over 450% return although we closed some contracts out at T3 and the remainder at T4.


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