- Waited the longest time to get back short USD/CAD. Reckon timing about right now.
- Monthly and weekly : Can't see an uptrend developing here. Has to be a downtrend still. At worst, range trading with this region around 0.98 being the top.
- Daily : Waiting for this to turn down. Not quite yet but near.
- Trade : Switched some of my long AUD risk into long CAD here, maintaining the same overall short USD FX risk until we see momentum pick up. Whilst AUD has the benefit of more positive carry, CAD looks like optimal entry point reached. Short USD/CAD at 0.9755.
1 comment:
Great! My mentor is having the same trade as me.
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