USDCAD double short idea

9 Oca 2018

A short this time for the USDCAD. Technically I would like a pull back to 1.2500 to short from the previous drop which was oil news related from memory. However there is also some significant congestion and previous support and resistance at the level it is at around 1.2400/20

A less aggressive trade would be to wait for the pull back on the USD which has been resilient to the JPY strength today (09/01/2018) at 1.2500. From there we would look to short to at least the 1.2400 zone of congestion. A more aggressive trade would be to take a position to short at the area it is in at the moment and look for drop to 1.2300 and beyond. Keep an eye on the fundamentals as the USD is trying to fight back some of its lost ground - however the CAD has had some good data and its economic outlook is positive currently.

11 Oca 2018

Not

Ok been a while waiting for this one - USDCAD has now finally pulled back to 1.2550 area on the NAFTA news looking like a potential negative for the CAD.

However mediocre to bad news fore the USA PPI and medium to good news on the CAD could see this drop to the lower region again looking for the 100 pip trade possibilty and beyond!!! Waiting eagerly!

15 Oca 2018

İşlem elle kapatılmış

A Mixed data report and also a NAFTA trade continuation theme pushed this one above stop loss area but then carried on back down to key support area. Did you manage to catch some pips on this one?