Forex Trade - USD/CAD
Trade review and idea on USDCAD:
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I'm still watching this pair looking to go long or short again if it breaks one of the fib extension levels as drawn on the chart. No specific entry points. I'm just going to keep an eye on it for a few more days.
In the options world I've entered new iron condor postions but the market has moved closer to my calls in RUT. So, to hedge I bought Aug 06 ATM calls on IWM just in case. Should soften the blow just in case my written calls go ITM. If not I'll keep my position in IWM and continue to write calls against it until August expiration for extra credits to my account. I love options!
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