A time to buy?

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USDCAD looks ready for a buy potentially. The BOC talked about stimulus today, the cad got clobbered. Oil isn't looking very supportive of a massive CAD move towards weakness but 100-300 pips doesn't look out of the question.

Simple trade, buying trend line break, locking in profit along the way, seeing where things go from there.
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Nice move on USDCAD so far, playing out well. Move stops into profit and let this ride along nicely. Still no major target in mind just yet.
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Jared Johnson
Union Hedge Funds
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