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Disliked{quote}
Quoting kagbe
... USDCAD: Last Friday data was good for CAD and it is gaining ground. Will look for opportunity to SHORT. Maybe around 1.11540 which has been breached 30 minutes ago. If price establishes it as a resistance, then a SHORT would make sense. ...
Just took a SHORTIgnored
DislikedBe careful with shorting USDCAD. Downward momentum is weakening and price showing signs of exhaustion. Unless some catalysis (news data or otherwise) invites more short sellers, I'd hold off from shorting at the moment (or just until 1.1120 has been successfully breached).Ignored
Disliked... If you feel you need to try your luck LONGing EUR, maybe you want to look at EURJPY provided you are convinced EURUSD and USDJPY are both going up (as always, technicals must align). That way you hedge yourself a little bit against the EUR turning back on you. But I would be cautious: if both pairs start going down, you should get out as quickly as possible.Ignored