My previous short on this pair was taken out for a 200 pip profit as the price action swung up to the entry level of 1.74 - 75. Happy about betting the 200 pips I was a bit sad that it got taken out so early in the trade. I am feeling that the CAD is going to gain in strength and will climb against most other majors.
I'm short on this pair and it's currently up by 300 some pips. I have locked in a 100 pips profit stop and will again let this one ride out - I'm expecting to cathc a big correction to the 1.60 area so I may have to enter several times before that happens.
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