I called a short on the USD/CAD pair and it is turning out to be a nice one. Up 600 pips and my stop is still +300 pips. I haven't adjusted this stop as I believe that the USD is going to fall further. There may be a few corrections but the double top pattern leads me to think that it's heading lower.
Monday, December 15, 2008
USD/CAD: Short @ 1.2980 is up 600 pips
I called a short on the USD/CAD pair and it is turning out to be a nice one. Up 600 pips and my stop is still +300 pips. I haven't adjusted this stop as I believe that the USD is going to fall further. There may be a few corrections but the double top pattern leads me to think that it's heading lower.
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