- Daily : SHS top formed. Would pitch the neckline somewhere between 0.9920 and 0.9900. Measured from the top at around 1.0040, the SHS downside objective should be around 0.9760. IF current levels (0.9880) hold for the rest of tonight, today's candle would have a clear impulsive periscope breakout look, which makes this a high confidence short. So - what I do not want to see is a sudden rally later this evening.
- Trade : Added to initial 0.9944 short at 0.9900 (sell stop-in triggered post better than expected NFP).
2 comments:
Closed the week at 0.9882, so all the above valid.
Limited risk capital. Have to allocate to best trade.
14/12 : EUR/USD has inverse SHS breakout. Squared short USD/CAD @ 0.9850 to make room for new long EUR/USD trade.
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