Usd/cad

I've just gone long 300,000 units at 1.0326.

I've mirrored this sentiment on EUR/USD with the same size position (and another 100k for good measure) at 1.39, though in the opposite direction (short).

I smell it in the air. If I am wrong, bring on the pain. It will not be the first time, nor the last.
 
They both look like "something" to me. Hence, my move. I don't often post my trades. Sometimes they are wrong, sometimes right. Make of it what you will.
 
shorting is suicide with bad risk reward. A long play has the best risk reward. Deep down we all know usdcad is going to parity or close to it though. Ive been burned far too many times when this pair goes into asshole mode. So im staying put. Good luck!
 
From here I suspect that a good leg down to 1.0100 or further is on the cards for next week.

Of course if fed doesn't cut it could turn things around ...
 
Quote from TL Trader:

... Although longer term as long as it's trading below 1.1167 looks more likely to me to eventually see 1.0260...
More...

Target reached today.
 
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