Weekly DownTL broken 3 weeks ago. Since then, we have traversed it a few times.- Fresh long at current 1.0528, just above said TL at 1.0492.
- Stop below last week's low at 1.0413.
- Clearly counter-trend trade, banking on a squeeze on "crowded" short USD trade. Could end up looking very foolish if not disciplined.
18 November 2009
USD/CAD : Testing Waters
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