CAD/NOK
Short

CADNOK Short

9
I've been short CADNOK since 7.9394 (the weekly symmetrical triangle resistance area). The trade was taken based on a weaker CAD. The NOK was irrelevant. At the time, I also went long EURCAD and short CADJPY and CADSEK.

The fundamental bias to sell the Canadian dollar is now even more substantial. However, I'm not planning to enter a second short. Instead, I'm holding my short position in anticipation of a bearish breakout of the symmetrical triangle.

CADNOK

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