Sunday, April 19, 2009

GBP/USD falling nicely

Just 15 minutes from UK market open, we're seeing some nice dumping on the pound, coming towards my buy range at 1.46
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Charts of what I'm watching

USD/CAD, shorts around 1.22



EUR/USD, shorts around 1.31



GBP/USD, longs around 1.46

EUR/USD long...

..closed for +30.

Will look to short it tonight as we near 1.31

Also keeping an eye on USD/CAD....

I had looked at trying to get short at 1.22 last week, working with the recent downtrend...price is coming up to that point now. May scale some tiny positions in and go from there...

Watchlist...

...EUR/USD short at 1.31

G/U looks like a nice long at 1.46, if we can make it down there.

EUR/USD Long

Playing the 1.30 support, long 1/4 position @ 1.298. Stops below 1.295