So, that’s about it. Just one day left and the weekend again. This weekend is special indeed because the Olympic Games start. But before any of this takes place, there is still business to conduct. Trading. I’ve been inactive last couple of days, well, relatively inactive. There is almost always trading going on but since I didn’t post anything…
I wanted to discuss a possible short trade in EUR-CAD, but it seems to going through the entry point right now, so  I’ll skip it. The story of the week has been USD but I’ll discuss it tomorrow. For now I think this is a set up worth trying . The cross is CAD-CHF.

Here is 1H chart of the fore mentioned CAD-CHF. Looks like a potential bottom is forming, so I’ll try to go long here. Entry level is at 1.0145, on the break above last high. My objective here is 50 pips, or 1.0195. Now we wait.

Mike K.