The market got within 5 pips of my initial profit target at .8520 before crumbling, but such are the vagaries of the FX market. I don’t believe strongly enough in this trade to take any extra risk so rather than try to start trading in an uncommitted fashion, I will take a very small loss and look elsewhere.
Thankfully my profit target in USD/CAD did get hit last Friday so I will concentrate on the pair where I’m having most luck. I expect some 1.0930/80 consolidation before one final push up towards 1.1050. I’ll start getting more aggressively short if that level roughly holds again.