Long awaited, USDCAD finally found the opportunity to return to base 480 pips lower. It is expected to be quick abseil if weather permits. My apologies for being late and snooping of 70 pips before the start, It could have been a 550 pips opportunity.
Credit goes to UC our good old chap always taking care of us when we can't handle the old spinster UJ. Well it was great to have had you up here. All the best with the abseil. Down you go UC. Ciao!
Credit goes to UC our good old chap always taking care of us when we can't handle the old spinster UJ. Well it was great to have had you up here. All the best with the abseil. Down you go UC. Ciao!
Trade active:
This attempt seems more like it than the one earlier when I posted. Be ready!
Trade active:
Finally just before market close last Friday signals pointed out that the USD may fall against other major currencies to perhaps start as early as the first hour of trading this coming week. At the same time is the Loonie this week expected to rally against other major currencies and this combined with a fall of the USD should send USDCAD back down substantially.
Order cancelled:
UC is more likely going to rally 500+ pips
Comment:
Still a very interesting opportunity as UC will likely make a huge rally up because of the collapse of CAD and then not not much later crash because of the USD devaluation. See EURCAD and USDCAD.
