NAFTA vs. the EU; A "generational" Long! (but wait for it!)OK, so the CAD/HUF is not the most liquid of pairs - although quite tradable -, it is the pair which best expresses the upcoming abyss, the EU as a whole staring into.
As for conviction; I owned some real estate all over the EU (not that I cared for them, too much. It was just a good price at the time.) BUT I've completed dumping them all - about 4 months ago. The funds raised by those sales are about to be dumped into this upcoming Long. This is just my personal take on it but I also feel very comfortable with this trade setup, including for the (very) long term.
Here, the idea is, to go long the strongest NAFTA components vs. the weakest EU component.
Everything that could be said about the Loonie and the HU Forint has been already said in previous posts - attached - thus, the only thing left here is to execute at the right time - clearly depicted on the main chart!
The Monthly;
Long
