It is really oversold, but I'll see how it plays out. Just wondering, do you have it at the trendline from mid-march? Oanda's charts say USD/JPY is right on it, and TOS and Prophet charts say we've broken.
Scrapped this trade on a run back through 1.0650. I don't know what the profit was - too annoyed to calculate it. Flat for now.
Currency market is pretty rough right now. 1/2 of my trades are getting stopped out because of the monster retraces.
Short USD/CAD @ 106.8 << A little late in posting. *Worse than expected US NFP *Better than expected CAD employment *Failure thus far of a daily close above 107...looking for some retrace. I'm bullish long term but have no problem shorting this down for some overdue catch-up. My stops are set above the weekly high but I'll look to close the position if we get a strong daily close above 107. Targeting 104 right now but will likely scale out earlier. Will move stops to break-even once I gain a bit more wiggle room.
Of course you won't. There's too much money to be made out there over the next 24 hrs to even think of calling it a day. It's always nice to be able to say it, but reality is, traders don't like to take days off unless they have too.. The Money Gods were nice to you on that trade. Congrats!