I'm short this as well....looking for that charm once again.
themarketzone
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Not a bad charm so far.
pascalde-aguiar
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Yes it's true ! I should have taken it but I convinced myself like a fool that the governor would definitely hint that there would be another rate cut in March ! Well played !
themarketzone
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Hey, being cautious isn't a bad thing.
It could have easily gone the other direction, and that's fine.. its part of trading.
You got to trade what you see and manage your risks.
There are plenty of opportunities out there.. stay sharp!
pascalde-aguiar
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Thank you for those words ! USDCAD events are quite difficult to trade. The Feds are not giving any clue neither the BOC.
Akil_Stokes
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Not bad at all!
pascalde-aguiar
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It's true and I would short it right now if it was a normal day ! But the US PMI is going to be released in a few hours and the BOC is going to speak later too. If the results are good and the BOC hints on another interest cut the USDCAD might just go flying to 1.28 and it's kind of scary ! On another hand its a great position to short in many respects.
themarketzone
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Couldn't agree more.. the zone is interesting. It is all about timing