Halloween 2019 Sell CAD (vs. USD, JPY) 1% T/P In 1-4 Weeks

Trading Discussion Currencies
1

Halloween 2019

Trade Idea Sell CAD (Canadian Dollar)

A short-term technical trade.

USDCAD (US Dollar / Canadian Dollar) Buy
Quote = 1.315
Target = 1.323 (0.6% difference from current quote)
Duration = 1-4 weeks

CADJPY (Canadian Dollar / Japanese Yen) Sell
Quote 82.25
Target 81.25 (1.2% difference from current quote)
Duration = 1-4 weeks

Leverage limit for aggregate position = 2X
Estimated profit / duration if successful = 1.8% / 2 weeks

Backlink = Macro Insights And Trade Ideas

2

November 30th, 2019

Time to liquidate.

USD/CAD quote 1.3275, target (1.323) achieved.
CAD/JPY quote 82.44, target (81.25) not achieved.

Rounded to a flat trade. Estimated profits would be insignificant (~0.1%).