Rationale for trade: As we move towards the end of the year, I believe there will be money flows out of risk and into oil. This means outflows from AUD and inflow into CAD, meaning AUD/CAD short a very attractive and secure trade to take.
Shorted @ 92.27. SL @ 92.45, TP goal at 89.92. It's a long shot, but high RR. We'll see what happens..
Ignored
Took partial profits on the dip last week. Got stopped out with a small loss earlier today. Re-entered shorts.
Here's the question..
Can this obnoxious POS pair be ready to go for one more ride? I suppose only time will tell. We'll most likely have to wait for tomorrow's Aussie news to get anything definitive in either direction.
{quote} Took partial profits on the dip last week. Got stopped out with a small loss earlier today. Re-entered shorts. Here's the question.. Can this obnoxious POS pair be ready to go for one more ride? I suppose only time will tell. We'll most likely have to wait for tomorrow's Aussie news to get anything definitive in either direction. {image}
