I was contemplating to load up the CAD pairs but I changed my mind. The Loonie is clearly positioned for a major (continued) drop on the near term and thus, ALL CAD base pairs are very likely to under perform their USD cousins.
Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
Thus, back to the (previous) base case; (continued) Long USD and Short pretty much everything else . (...as far as the eye can see).
Note
Looks like this pair is steadily climbing the ladder ...... one Quarter Point at a time.
It is quite predictable (tradable) at these levels.
(Once the CAD bottoms out, it is likely to be "The" base currency to trade, for quite some time to come - measured in years; I.e, at least 1-2).
Trade active
This is probably good for 230 pips here;SHORT
Note
This SHORT ought to have a 200+ pips mileage!
Note
The CAD is probably the most under-valued (over-sold) currency out there.This is unlikely to change immediately BUT it is about to start on its long road to correction.
Right now, a small drop (USD/CAD rise) is at hand;
However, on the long run;
... adn the Weekly
A lot of money is to be made here!
Trade active
Trade active
This is a major SHORT, from here!
Trade closed: target reached
FLAT - for now.
Trade active
massive SHORT!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.