Both ideas are to take advantage of any possible CAD weakness going into the new week
Barclays announced a trade idea to buy USDCAD using call options. This got me thinking about other ways of selling CAD on selected crosses. I’m taking more of a technical view here, as i do not have a particular feel for CAD at this time, The strength in CAD across the whole spectrum of crosses since BOC raised the rate has been impressive and can’t be ignored.
CADCHF-H4
Firstly CADCHF. Slanting head & shoulder set up with a measured move/ target area around the 38.2% of the June low. Any move up towards the ‘RS’ will also get me interested, with my stop loss at or above the highs (head).
CADJPY-H1
Watching CADJPY for a short trade on the failure to hold the channel and the 50% of the Dec 2014 – Nov 2016 high/low.
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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