FX:USDCAD   U.S. Dollar / Canadian Dollar
136 4 0
I just published my trade idea and agree that shorting at this point is risky. A test towards 1.07/08 and a rejection will be a confirmation to short around 1,06 with possible moves to 1,02 and perhaps lower.
still dangerous to short this pair. look at what happened in 2008 when stocks tanked. I think stocks are vulnerable to a very sharp sell off in the next few weeks. try to buy this pair on dips. buy 1.0450 and 1.0350 stop at 1.0275 is just a guess at the moment.
think may be it will go down little (to 1.0380) in few days than back to higher price
Stocks are going to continue to sell off in the weeks to come and this pair will get squeezed higher. Bring your stop down and get long.
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