Looks like there is Demand for CAD today
Both NZDCAD, AUDCAD and USDCAD are forming Short setups
Based on correlation analysis I find best to filter AUD out and
only pay attention to NZDCAD and USDCAD
NZDCAD did end UP forming very nice Momentum in its pullback,
when for USDCAD, I am thorn between
a) pullback extending and re-touching the top
b) melting down without me
NZDCAD
What can go wrong:
Bears did step in into pullback
but if we are honest to ourself BULLS never left the Pullback
so at this point it is still very anticipated trade
Keep calm
Apply & repeat
Both NZDCAD, AUDCAD and USDCAD are forming Short setups
Based on correlation analysis I find best to filter AUD out and
only pay attention to NZDCAD and USDCAD
NZDCAD did end UP forming very nice Momentum in its pullback,
when for USDCAD, I am thorn between
a) pullback extending and re-touching the top
b) melting down without me
NZDCAD
What can go wrong:
Bears did step in into pullback
but if we are honest to ourself BULLS never left the Pullback
so at this point it is still very anticipated trade
Keep calm
Apply & repeat