Cabot101Management

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

Short
FX:EURCAD   Euro / Canadian Dollar
7
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
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