I didn't post anything yesterday so today's post will contain trades from both days.
First, U/CAD bouncing a lot:
G/U perfect bounce at previous support which became resistance, then two bounces in the channel.
After the massive selloff on Friday, E/U established a range and had a nice bounce.
E/G broke out of the channel today, then bounced after being overbought on RSI and touching the 0.8333 level.
I want to point out one more thing I wrote about last week. I said that the best trades look scary and here's an example. On Sunday night, I shorted U/CAD, which at the moment looked like this:
Holding until today would have yielded 188 pips (see the first image in this post for current U/CAD chart).
Tuesday, June 8, 2010
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