The USDCAD currency pair moved significantly lower today but it bounced off 12245. I saw that the forex pair was oversold and went in on the swing high after the initial pullback after the bounce off 12245. I got in at 12335 with a 50 pip stop..  I had no target this time round as I expected this to be a bounce before a possible retest of the support line (12245). The market went as high at 12420 but I got out at 12405 as the market formed a spike down.. I got my 70 pips!!

Tags: currency, currency trade, currency trader, daytrade, daytrading, foreign exchange, forex, spreadbet, Trading