From my previous post I went long the USD/CAD and was waiting to go short the GBP/USD.
USD/CAD:
Out 75% of my initial position. Will look to get back in. My stop is the previous week’s low in the weekly chart below.
I’ll be monitoring the USD/CAD (Long) and the AUD/USD (short) for the rest of 2013 as I think they will make big moves.
GBP/USD:
Well I missed the short in this trade like I had outlined in my previous post but I did catch a nice little day trade going long.
I think this trade is done for the near term. It will probably want to consolidate to the weekly 20ma before making a decision on going lower or higher.
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