Tuesday, July 7, 2009

Eur/usd long closed for +20
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Long EUR/USD 1.3882

Stops @ 1.3855, TP 1.3925 x2 full size
If we see further eur/usd weakness/new lows, 1.3925 may be a short line
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Gu 163.25 for a short
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usd/cad 1.145-1.147 ?

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.