I have placed a market order for a short position on this pairing. This seems to me like a good trade considering the recent impasse in the Brexit negotiations, and the positive correlation (0.78) between movements in oil prices and the Canadian dollar.
I have placed my entry @ 1.693. I am looking to take profit @ 1.66. My stop loss will be set at 1.703 for the time being and will be moved down depending on the market actions.
This is not intended as investment advice. I am simply using this analysis for my future self to look back on and develop my skills as a trader. Good luck!
I have placed my entry @ 1.693. I am looking to take profit @ 1.66. My stop loss will be set at 1.703 for the time being and will be moved down depending on the market actions.
This is not intended as investment advice. I am simply using this analysis for my future self to look back on and develop my skills as a trader. Good luck!