The USDCAD trade got stopped out. On closer look we see that the wave 5 formed only recently. However, the Stochastics show a bearish outlook on the daily chart whereas the 4 hour chart shows a bullish formation. Due to the conflicting analysis, we'll leave the USDCAD alone for now.
Update on EURUSD
The EURUSD trade was closed with some pips in profit. The reasoning being that for most of yesterday the pair was trading in a tight range and because the trade was opened for a couple of days, the rollover swaps was eating into the trade. Thus the EURUSD was closed with some great profits made. What's left of this trade is to sit out and watch if price will touch the 1.27 level today.
The open trades are the AUDUSD and AUDCAD.
There won't be anymore trades being done as the week is going to be short. So take it easy and prepare for a long nice weekend ahead.
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