USD/CAD - Long; Forget the CAD pairs! (Long all USD/XYZ)
Updated
I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins.
Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
Note
Looks like this pair is steadily climbing the ladder ...... one Quarter Point at a time.
It is quite predictable (tradable) at these levels.
(Once the CAD bottoms out, it is likely to be "The" base currency to trade, for quite some time to come - measured in years; I.e, at least 1-2).
Trade active
This is probably good for 230 pips here;SHORT
Note
This SHORT ought to have a 200+ pips mileage!
Note
The CAD is probably the most under-valued (over-sold) currency out there.This is unlikely to change immediately BUT it is about to start on its long road to correction.
Right now, a small drop (USD/CAD rise) is at hand;
However, on the long run;
... adn the Weekly
A lot of money is to be made here!
Trade active
Trade active
This is a major SHORT, from here!
Trade closed: target reached
FLAT - for now.
Trade active
massive SHORT!
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