EUR/CAD has rised 1000 pips since I last wrote of a short opportunity. My previous short was taken out with a small profit as the EUR rised above my suspected short area. Since then I have been watching with an eagle eye to see where it ends up. 1000 pips later I see it is yet again running out of steam and may be presenting a good short opportunity. I will wait till the FED decision is announced and see where this pair goes.
Tuesday, December 16, 2008
EUR/CAD: Short building?
EUR/CAD has rised 1000 pips since I last wrote of a short opportunity. My previous short was taken out with a small profit as the EUR rised above my suspected short area. Since then I have been watching with an eagle eye to see where it ends up. 1000 pips later I see it is yet again running out of steam and may be presenting a good short opportunity. I will wait till the FED decision is announced and see where this pair goes.
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