Getting long USDCAD
Updated
Those who have been following the current USDCAD call (see attached: "Oil weighing heavy on CAD") will know we are already positioned in longs here. So what we are trying to do is add another position on a "sell the fact leg" in oil after cuts on the supply side are fully cooked in ... (so time to start working the sell-side again there.)
The dollar is also approaching buy levels and as a result buying the retrace leg here in USDCAD is a good opportunity.
Lets see how it plays out
(For those wondering red fib is from a previous swing and can be ignored I am publishing this on the way back to the office)
The dollar is also approaching buy levels and as a result buying the retrace leg here in USDCAD is a good opportunity.
Lets see how it plays out
(For those wondering red fib is from a previous swing and can be ignored I am publishing this on the way back to the office)
Note
Superb moves here today.Note
Stops held by a fingernail ...Trade closed: target reached
Well done those who held longs here.
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