Trade photo

It's a 20 pip stop loss, with 30 pip profit target. 'Support and resistance' trade. Backed up by continually positive US data, added to by today's jobless claims data. Plus the fact the CAD strength post rate cut is waining at 4hr support.

The risk to the trade is USD weakness, specifically if USD JPY continues to fall.

Feel free to email any questions: johnelfedforexblog@gmail.com