Cabot101Management
Short

This trade is on the radar today!!!!!!!

FX:EURCAD   Euro / Canadian Dollar
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7
79 3
Okay so we have ECB praet speaking @ 09.00 and then CAD data due out CPI and Core retail sales, they are both expected to tick higher.

Now although the buyers are starting to come in on the Euro , the charts are lining up shorter term for now to Sell this puppy , so we will listen to the comments out this morning from Mr Praet and then will sell @ safer levels of

1.15130-40

TP@ 1.5030 ( Don't want to be too greedy given the sentiment is changing slowly on the Euro )

Stop @ 1.5250

Happy trading people
Comment: Okay so we have trickled back to the confluence zone , just waiting to hear praet speak then we will get in ....

Stay tuned
Trade active: Okay so patience payed off we got filed @ 1.52

Stay tuned
Comment: Still in this , Euro zone data out today so be alert.

Stay tuned ............
Comment: Taken half the position off , lets see what happens .
Trade closed: stop reached: Okay so we were stopped out @ 1.51, and will be getting back in again @ 1.52 should we creep back up there .


Stay tuned
Any update my friend?
Reply
@Cevizkabugu, Hello yes we got in @ 1.52
Reply
Cevizkabugu Cabot101Management
@Cabot101Management, Hello, what do you think, is it forming a triple/double top to make a reverse down or is it making a correction to continue up further?
Reply
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