Long. First target 1.1250 believe long term potential to 1.1500 & 1.1750
Will be looking to add to this short trade Macro: Tensions with Iran should give the Cad a boost along with softer dollar policy making this one of my picks of the year for lower pricing. I personally see the Fed cutting at least 2-3 times this year with the Canadian rate staying about level at 1.75%. This is an assumption however if it comes to fruition we will...
closing below 200 MA, looking to continue holding if the channel can break
Tight stops looking for a short term fiber sell for about 100-120 pips
More of a macro play for me looking for a long term hold on position 6-12 months
shorting dollar cad, if first entry gets stopped will look to re enter position at 1.3300
Head and shoulders pattern lining up with the 61.8 retracement giving us a solid short position on the pair