Thursday, 25 October 2012

I'm buying EUR/CAD right now...   Check the chart below.   We had a breakout a few days ago. Price has pulled back and presented us with a pinbar where its tested the S/R level.  As the pinbar has been broken to the long side,  I have entered a long position.

Buy £20 (£20 per pip) EUR/CAD 1.2875.  Stop loss is 100 pips




We are now LONG CAD dollar against the USD and SHORT against the EUR. This gives us a nice hedge against any fundamentals that may move the CAD.




Current Portfolio

Balance                £50,000

Positions              Sell USD/CAD @ 0.9892
                            Buy EUR/JPY @ 1.2875

Watchlist             USD/JPY,  EUR/JPY,  AUD/NZD


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1 comment:

  1. Unknown25 October 2012 at 13:04

    I'm viewing a potential SHS pattern on EUR/CAD on 4H, that could bring us down. It's quite sharp right now, although it can never be formed as well. Lets see...

    ReplyDelete

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