Was long USD/CAD. Stopped out 2 days ago unfortunately.- Daily : triangle breakout on downside (which got me out) and now reversed to break upside. Whipsaw.
- Weekly : DownTL broken weeks ago. Since break, we have come back to test and held downside several times already. In this sense, long USD/CAD is a probably better trade than short AUD/USD given that we can be more sure about the former.
- Monthly : Long buying tails on the recent 2 candles = possible pause to downtrend if not trend change.
- Not going to touch this given already fully loaded up on FX via GBP, AUD & EUR.
27 November 2009
USD/CAD : Better short (CAD) than AUD
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