entered at market open, long USDCAD. My previous short on a failed break of the medium trend line closed a few weeks ago for -200 pips. This long is taken with the view that the medium term uptrend is back in play, higher high and higher low suggest this to be the case. Fundamentals look quite good, general risk aversion caused by Greece and the chinese stock markets coupled with oil prices falling again. As always this is a medium term play with long stops and large targets if successful the trade is likely to last 1-3 months.
Current trades in play GBPNZD long @ +2400 pips, AUDNZD long at +1350 pips, NZDJPY short at + 400 pips links attached
Current trades in play GBPNZD long @ +2400 pips, AUDNZD long at +1350 pips, NZDJPY short at + 400 pips links attached
