Midday Missive

USD/CAD…is retesting it’s chart break out from Oct 24th.
Canada is a low risk sale with a manageable exit.
USD/CAD would need a close under 103.75 (over app 96.36 Futures)
to negate the sell pattern.
As long as the Canadian Futures remain under 96.06 (the Opening range) it should be on the defensive all day.
TBT…order adjustment
Raise the protective sell stop from 71.90 to 72.57 (entry level).

This has been a nice trade. We’ll leave the remaining 25% alone with a break-even stop.

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