Tuesday, July 7, 2009

EUR/USD long 1.3825 & 1.3745, I'm not seeing any shorts that really stand out.

For a bearish USD trade, I have a PICTURE perfect GBP/USD setup at 1.6420-30. Previous S&R and the 50% fib of the recent decline.

That's all for now. USD/CAD is still on the table but I'm really not liking how large that range of resistance (1.175-1.185) is. I'm looking to redfine my risk to keep my stoploss in the 30-40point range tops, in order to continue trading x2 full size.

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