Well I didn't fade the USD/CAD at 1.0540 after seeing USD gain broadly on the back of the Dubai news.
If anything, I think USD/CAD could pop up to 1.0700-20 area tomorrow, and likely won't continue lower till early next week. New idea is to sell up in 1.07 area, tentatively. I don't usually use limits etc. as I like to be awake and watching the PA before putting on a position. Paid off today as I didn't get short 1.0540. I feel like I made 50 pips on that! haha
If anything, I think USD/CAD could pop up to 1.0700-20 area tomorrow, and likely won't continue lower till early next week. New idea is to sell up in 1.07 area, tentatively. I don't usually use limits etc. as I like to be awake and watching the PA before putting on a position. Paid off today as I didn't get short 1.0540. I feel like I made 50 pips on that! haha
DislikedOh yeah, look to fade the USD/CAD around 1.0540...or lower at 1.0525...Target 1.0415 - 1.0370/80.Ignored