Good Morning
As discussed last evening the falling wedge on the $ Cad is still intact.
I wish to re enter the long position at market which is 1.0333, as i write this at 0540 GMT. I am going to use the 1/3 postion size used previously. The stop loss is at 1.0270. This is 63 points of risk on a 1/3 position, which equates to 21 full points of risk.
The target for the trade is 1.0600. If the position gains some traction i will add to the size, WHEN the stop can be safely increased to entry.
Good Luck today.
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