Disliked{quote} As usual you completely don't address any of the points I raised. Just "I knew it would crush" even though you stated it was because of all the other irrelevant reasons. When traders (or wannabee traders) tell me they "know" where price is going the red flags go up and the sirens ring loud. It was a technical London breakout, pure and simple. Anyways, good luck with your Nostradamus thing.Ignored
It was not a technical breakout. It was heavy pound buying vs a not so in demand currency at that moment in time. Hence why I went long gbp/aud as well.
Nothing i said was irrelevant. I read the sources for my reason and I traded it via a good entry.
After BOC interest rate release come Wednesday I think cad will become bearish because nafta could force the bank to cut rates. The deal is prolonging and traders will not want to hold those gains forever.