Possible Canadian Dollar Strength
I’m monitoring for Canadian Dollar strength in the near to mid-term. Based on my data, the risk-to-reward ratio appears very favorable. I plan to start building a short position on the USDCAD pair if it rises above 1.40, only initiating the trade once this threshold is reached. If it doesn’t, I will refrain from entering. Given the strong current momentum, it’s possible the pair could move significantly higher, so I’ll begin with a small initial position. I scale into and out of my trades gradually, taking multiple smaller positions along the way.
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