Trade photo

USD CAD has been on my radar for a while and considering recent events plus the price of oil is coming down again, fundamentally, USD CAD 'should' revisit recent highs. Therefore I've entered a 'interest rate differential' trade.

Given the recent volatility, It's a 40 pip stop loss with 60 pip profit target, which is a little higher than usual for this pair.

The risk to the trade upcoming US and CAD data. Or the fact the trade is being held 'overnight'.

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