Wednesday, August 27, 2008

Last nite usdcad fall too much and too fast. Is is unexpected. As usual when a pair move too much and too fast, it will lose it balance. As a result, usdcad maybe entering swinging mode for a few days. It doesnt really has direction. It will just goes up and down waiting for it to balance out before a new trend continue.

I am still holding usdcad short for now but in the long run it is not profitable. I will exit soon and wait for the equilibrium of the pair.

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