Monday, January 19, 2009

Currency trades

I think USD/CAD looks toppy. I like it for a longer-term short.

EUR/AUD is also toppy but looks like a better trader. On the daily it has made a double top and broken the ascending trendline.


Here's the 60m. After breaking it fell but has retraced a lot of the ground.
A closer look on the 10 minute shows a nice H&S forming.

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