Wednesday, October 22, 2008

10-22 EUR/CAD Trade


Late in the day, this pair had climbed to a major level on the daily chart. When I sat down to my pc, I changed it over to the 5 min and traded price on the fractal break, where support became resistance again. I grabbed 18 pips and closed 100%. The spread widens so much on this one between the US and Asian session, I didn't want to give back profit because of thin liquidity.