Tuesday, February 7th, 2012

USDCAD Short

4

I’m about to place a short order on the USDCAD.  Since this pair is notorious for big breaks that lead to fakeouts I’ve got my SL at 1.0790, PT 1.0680

Comments

4 Responses to “USDCAD Short”
  1. JeffreyR says:

    I’m in this one as well……still keeping my eye on the GBPJYP break from around 800!!

  2. Triffany says:

    Me too!!! I’m tempted to buy it at this low, low price of smooching the TL we drew this morning…but I’ll wait for at least a nice reversal pattern.

  3. JeffreyR says:

    Hit my stop exactly and then back down some……huhhh. Never did get in on GBPJYP…..and didn’t feel great about going short when it broke south…..I keep watching the NZDUSD for a short but nothing yet…..

  4. Triffany says:

    I’m out of these as well. Darnit…like you, I didn’t like the short on the G/J either and missed that as well. Did anyone grab any of that pippage?!

    What’s with all of these tiny candles everywhere? No decision from the marketplace, I guess.

    I’ll refresh my plan in the morning. See you then.

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