03 June 2010

USD/CAD : Into Daily SHS Top Target Band

  • Taken partial profits on short USD/CAD elephant-sized core. Low tonight 1.0371. Now at 1.0390. Limit buy orders filled.
  • SHS objective on daily chart is in the region marked between the bold and dotted pink lines.
  • Weekly chart now looking imminently bearish too.
  • Still sell rallies above 1.04.
  • Core book moved towards risk neutral now. Now just weighted more Risk On by the amount of short S&P EAR that I intend to put on, possibly tomorrow if we get more follow thru buying (S&P now at 1098).

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