Following the last week's events the upcoming 1 to 2 weeks seems to be ideally alligned for a great hedging opportunity between these 2 pairs the excessive trading action has dragged eurcad in abnormal levels that makes is very complicated for those who are holding long term positions to cover the exposure or trail their gains. For those who do not need to rebalance or for those who are looking to start building new position i have indicated the levels that i am expecting to provide great opportunities with a very low risk in both expectancy and volatility side
Comment:
hedge opportunity with long sides on reversal/rotation volume increases
Trade closed: stop reached
