Can't bring myself to go long EUR/USD or GBP/USD. Charts of those pairs still bearish even if I have allowed myself to get squeezed out of shorts due to wrong trade sizing.- To go with the current flow of a weaker USD, buying either AUD or CAD is technically the best trade.
Attached charts : USD/CAD in strong downtrend. EUR/USD rising wedge broken down. Rallies are for selling into. Eventually it will work. AUD/USD (not shown) also in strong uptrend.- Pray this is not the kiss of death for USD/CAD.
14 January 2010
USD/CAD : Best Pair for shorting USD
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