FX:USDCAD   U.S. Dollar/Canadian Dollar
70 2 0
Risk reward just seems too good.. this seems like a good couple of weeks if it passes 1.19 i might keep it for a while longer :P the 2nd attempt to try and pass this resistance and still struggling
JMHO, I don't ever take a trade because the R;R is good. Fool's gold. I use R:R only to determine when NOT to take a trade if it's not better than 2:1 at the least because that is what my trading rules say. But, having said that, I agree that this pair may go down but here's my take on why.....
USDCAD: So, You Wanna Go SHORT?  B4 You Do, You Should Know...


BTW, notice your name is Greek? Are you in Greece or elsewhere? What's your take on what's happening/ gonna happen in Greece?
+1 Reply
christos.p.nikitopoulos EverythingForex
a year ago
sorry for long time response. there are many reasons of why i short.. i use as many variables as i can to come up with each conclusion. As i said on my audusd chart im pretty good when it comes to positions and usd cad just seems one that cannot be missed. If you also look at record highs and Lows you of u.s. oil and US Dollar. A potentially strong reversal seems to be coming.

Haha, No im from the u.s.a but alot of family in Greece, My take is that Greece at one point or another will leave the Eurozone. Greece cannot give the marginable requirements to be in the E.U. unless they some how manage to become very productive in the next 5 years. However, What I do think also is, the cycle of bullishness for the UsDollar seems to be over considering the last 8 years of Obamas run was pretty good, and good enough to stabalize economy more then other places around the world. My family in Greece wants to leave the EU, and things are very tough right now. Fortunately, jobs are starting to appear more and more.
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