Time frame: Daily/Weekly
Trade rationale: USD/CAD has been on a strong downtrend lately and I really think this is the best pair to play when it comes to diverging interest rate expectations. BOC is already thinking about hiking rates while the FOMC just announced further QE.
The next support level seems to be around the .9450 mark so I’ll just keep shorting and aim for that area. I already have a couple of short positions entered last week but I’ll add at .9650 and at .9550 for an additional 3:1 reward-to-risk.