USDCAD short
Updated
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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