Getting long USDCAD

Those who have been following the current USDCAD call (see attached: "Oil weighing heavy on CAD") will know we are already positioned in longs here. So what we are trying to do is add another position on a "sell the fact leg" in oil after cuts on the supply side are fully cooked in ... (so time to start working the sell-side again there.)

The dollar is also approaching buy levels and as a result buying the retrace leg here in USDCAD is a good opportunity.

Lets see how it plays out

(For those wondering red fib is from a previous swing and can be ignored I am publishing this on the way back to the office)

Komen:

Superb moves here today.

Komen:

Stops held by a fingernail ...

Dagangan ditutup: sasaran tercapai:

Well done those who held longs here.