Long EURCAD (-71,-71)
Once again the month starts with a loss, the Euro has been looking strong everywhere and this seemed a nice pullback. The Canadian data just stepped up a gear and blew every currency away, sometimes in trading we just have to accept we were wrong and move on to the next one. The trade fitted the criteria we have quite well, bullish trend on the 4 hour clear 3 wave pullback but as always fundamentals trump technicals and i was not expecting the great economic data the CAD has put out in recent days.
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