I bought USDCAD just because I saw that it has been trending.
No other reasons. I think sometimes no reason but because it is trending is a very good reason.
Just like duolingo, godaddy, marriott, tesla. Don't question. No need for question.
Obviously if something is going to go upwards and it has been going upwards, plus being strongly going up, you would want to take a piece out of it. You dont question why its going up. You just grab that wall flower and begin peddling. Once the trend dies, and you give it logic, you kill yourself with the logic when the logic doesn't work out the way you thought.
So, don't think. theres nothing to think about.
1547SGT 13122024