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Opeola has taken 87th place in Dukat Contest Jul - Aug 2018

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CAD Uptrend Continues

I expected the bullish trend of the CAD to continue; so, I waited for USDCAD to pull back to the 50Hr EMA, then took a short position. For a good measure, I shorted EURCAD too but they both are duds so far; therefore, I'll close EURCAD but leave USDCAD open.
The short-term target is still 1.2500 for USDCAD, but 1.2300 for the medium-term.
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Retracement for Loonie?

Considering that the loonie had two consecutive down-days and the 1400GMT candle closed with a long lower shadow, I expected the pair to retrace to the 50Hr EMA for the short term.
I took a long position hoping the FOMC minute release at 1800GMT would make that happen but the market said no to that. Hence, I'm changing the TP to break-even.
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