- Long watched weekly triangle has lower edge at 1.0191 this week. Currently trading right on it, setting up for a downside break.
- Have sold a small amount at 1.0199 just to get the feel of this. Not prepared to wait till week's close to see if the break is for real as it might be miles lower by then. Rather buy back at a loss towards the end of the week if it looks like the downside break will not materialize then.
- Triangle downside objective (assuming break) is about 8.5 big figures ie around 0.9340.
04 October 2010
USD/CAD : Jumping the Gun
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1 comment:
Yesterday low 1.0173.
Pile in short on break of this.
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