USD/CAD : Cut Loss 1.0706

• Stupidly picked long USD/CAD as 1 of my 2 currency pairs to express tentative early Risk Off view.
• Long 1.0806. Cut 1.0706.
• Unlike GBP/USD for which there was a good reason (see monthly charts) to try picking top, in USD/CAD there was no compelling parallel. Also was early in anticipating the weekly DownTL break.
• Should be looking to short this in line with the long term down trend. Perhaps the next pullback towards the weekly DownTL. In any case, a sell stop in below 1.0630 should be requisite minimum action for true trend followers.