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TheBulltrader
Aug 26, 2016 12:19 PM

UC Short from wedge breakout Short

U.S. Dollar/Canadian DollarFXCM

Description

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
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