Laying off this small retrace in EUR. It's getting too easy to short. I don't want to call a bottom, it just seemed like capitulation of some sort at the end of the day. Trying my best to sit on my hands after a good run. It could have been better, just trying to be grateful for some gains.
USDCad so far has failed to break above 108.80 then 109. I sold into it earlier, then thought I missed the breakout. Possible disappointment if it fails here.
Possible successful retest of .7500 level in Aud USD. I'm expecting a little choppy counter trend action all over. Just staying out till the smoke clears. It doesn't look that risky, but it is. . .
Shoot, that would have been a good scalp. I wouldn't count on any levels holding here, as I think the liquidity is poor. Actually that is probably what the market is looking for--volume. Typical Auction Market theory. I suspect the volume is poor below 1.20, .75, 1.36 etc.
Still watching USDCAD, having failed multiple times at 1.29. Bias short coming in to the week. Think it needs to go lower in order to go higher. Looking for the same(in reverse) in other currencies, as they just don't seem to want to go down and stick. Obviously very oversold.
Long EUR, Cad, AUD. EUR is up, others lagging. A few weeks ago everyone was super bullish on Euro, now they are afraid to buy it.
Looks like some dollar longs are about to get kicked in the teeth. Or perhaps yours truly taking the other side. . .
Stopped out on that position. Reentered 1.1923 long, 1.0866 short usdcad. That looked like some sort of a bottom. For now. Tape just ground to a halt.