- Had reduced short EUR/CAD and waiting for the right moment to show hand again.
- Daily has now pulled back to almost touching the DownTL and turning.
- Weekly + Monthly clearly bearish still.
- Dilemma as I am loathe to increase short EUR risk given that I am trying to reduce it elsewhere.
- Shorting GBP/CAD is an option but I will avoid as I want to keep things simple and not layer trade ideas upon trade ideas.
- Will likely end up doing more straight -EUR/+CAD. Last at 1.4322.
- Expect this to go to new lows below 1.4095.
- [Addendum 11:19 am 01Mar10 : Done half of what I intended at 1.4322. Balance trying at 1.4350].
- [Addendum 1:53 pm 01Mar10 : Other half done at 1.4344. Completed additional position at 1.4333 average. All set up to play now.]
- [Addendum 11:43 pm 01Mar10 : Looks like timing today spot on. Last 1.4102, having made a new low at 1.4093. Looking good indeed].
- [Addendum 1:05 am 02Mar10 : Squared this morning's new position at 1.4095].
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