Post Thanksgiving.

As the week draws to a close, the markets return from the thanksgiving break where it left off. And the 'soft landing' trade is still the go to option as far as I'm concerned. Today's PMI data was just soft enough to be 'bad news is good news' and the CAD has benefitted from positive retail sales and CAD JPY long is certainly a viable option. But today, I feel the chart has popped up too high without creating any support (see picture) I have much more confidence in a trade if there is a 1hr swing to place a stop loss behind. Which means, because it's Friday I'll likely have to wait until Monday now.

I wouldn't blame anyone for taking a Friday afternoon 1:1 risk reward trade today. But personally, I'm happy to sit this afternoon out and start again next week.

Weekly review to follow, enjoy your weekend.