13 October 2010

USD/CAD : Added to Short @ 1.0058

  • In line with usual practice here, have added to position on break below previous recent low as this indicates new leg of move. (This pyramiding applies only to "young" trades, not those I perceive to be in sunset phase of their moves).
  • Position is still in building phase.
  • Next action point : Break below 0.9926.

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