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Maximilianned
Jan 12, 2022 2:28 AM

Canadian Dollar - Short  Short

CME:6C1!15
Canadian Dollar FuturesCME GLOBEX

Description

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With four naked points of control below - which is very unusual it's safe to say the CAD has some backtracking to do.

Most likely they will be taken out all very quickly.

News bomb like a high CPI number might do the trick to send the DXY higher and the CAD lower.

Personally I am short in the futures marketing targeting the last VPOC.




Comment

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CPI - did not have the effect desired.

On a higher timeframe there is VPOC at .80380

This is in the cards now.

All these points of control will get touched.

DXY sold off hard, boasting the EURO to multi-month highs.

Oil also hit a level not seen since November which helped.
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