Day 255: Dollar ready to dip?

$0

Nothing too drastic happened today. Dollar is still flirting around those high levels and is resisting to go down. However it does seem like the dollar is about to go into a pullback. I’m planning to short the dollar to the end of this week till next week. Let’s see if dollar can break.

I’m also in a short USD/CAD trade I’ll be holding. I know it’s risky to short this pair as it’s in a crazy up trend, but it looks like there maybe a bounce in oil that can help push USD/CAD down. The pair is also in a familiar resistance which will be hard to break without oil going down more.

Screen Shot 2016-01-14 at 5.04.43 PM

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s