This is just looking back at an interesting set up that occurred in USDCAD earlier in the month. This is what I call the balance tipping to the sell side. Hope you find it as interesting as a did. Thanks for stopping in.
I had closed out in profit on this EU trade just prior to Friday's close. I am of the opinion it is best not to put yourself at a psychological disadvantage going into weekend. Let's see if we can sweep those lows and consolidate perhaps.
Just a quick look at the AUDNZD 'possible' short scenario and some COT data. Recap on the current GBPCHF long - so far so good. A good start of the month. Have a great rest of the week.