Re-shorted USD/CAD from wedge breakout. With U.S rates possibly on hold till December, this currency should break down to the lows of 1.25. I have added a position for a long term short until interest rates are raised. Trailing profits as it continues with the downward trend.
Comment:
It was a good technical trade but Yellen has flipped the table. Rates are looking to be increased. Bought usdcad at 1.29