USDCAD short
Was wrong last time, and honestly was just impatient.
I didn't wait for the market to come o me, but finally it has, just had a great entry @ .2755, hoping to take this to the lows but will be monitoring it closely. Oil has been on an absolute tear so I wouldn't be surprised if the CAD has some catching up to do.
I think the best mindset to have is to be short this pair until we get a limit down day in equities, that will be the cue to look for longs and a massive rip in USD, but until then assume the USD is going south.
Stop is to breakeven now.
I didn't wait for the market to come o me, but finally it has, just had a great entry @ .2755, hoping to take this to the lows but will be monitoring it closely. Oil has been on an absolute tear so I wouldn't be surprised if the CAD has some catching up to do.
I think the best mindset to have is to be short this pair until we get a limit down day in equities, that will be the cue to look for longs and a massive rip in USD, but until then assume the USD is going south.
Stop is to breakeven now.
Trade closed: target reached
will be taking profits soon here, beauty trade...back to waiting for the next one
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.