Anatomy of a good trade
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We issued a USDCAD sell trade alert on Wednesday 12/12/2018 real time via our Private Telegram group as it was triggered on our trading desk with the following parameters:
After one week, our trade alert reached our first potential take profit target and we decided to close the trade at the market before a temporary bounce. If this was traded with our recommended lot size of 0.10 the profit was around $310. The risk to reward in this trade was 1:5! The trade was even in greater profit after it closed below the 1.3320 level, so we used the chance and we took another short trade which was closed at 1.3200 level. This is now a bounce area so we will stand aside with this pair.