USD/CAD: Exiting short position with a black eye

I did manage to buy some AUD/USD yesterday on the lows after Peter’s Sovereign tip in the FXWW chatroom (thanks Peter, owe you a coffee 🙂 ) and thankfully that has offset my pathetic USD/CAD trade, which at least is 100 pips lower than it was yesterday afternoon. I’m taking my loss in the Loonie and will reassess.

I have a feeling that we will be in for some choppy volatile markets from now until Christmas so I will revert to playing the ‘hit-and-run’ game, looking for overstretched markets and keeping my opinions out of it.

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