How do you guys interpret that ? Macro currency strength shows that CAD is weak and COTA shows that the bank is bullish on CAD by adding 17605 long. what will you guys do in that case?
Hello! It really depends on your own style of trading. Me personally if on a fundamental basis CAD is showing weakness then my directional bias is bearish. If the hedge funds on the COT indicator are bullish then this would mean ahh I'll be trading against big money, against the market and maybe now is not a great time to get into a trade.Thus, I'd be neutral.Sometimes the smart thing to do is sit back and wait
Hello! It really depends on your own style of trading. Me personally if on a fundamental basis CAD is showing weakness then my directional bias is bearish. If the hedge funds on the COT indicator are bullish then this would mean ahh I'll be trading against big money, against the market and maybe now is not a great time to get into a trade. Thus, I'd be neutral. Sometimes the smart thing to do is sit back and wait