Euro trading action-- price lost momentum at the end of the week. Looking at the longer TF we are in support area, so my thinking at this point is we get more of a back and forth that will probably be harder to trade. Counter trend.
Short gbp from 1.3473. Trading pretty much lock step with Eur, I just thought the chart looked like it was about to break hard. Aussie up, still looking for a reversal in EURAUD and GBP AUD. Obviously nothing yet.
Still don't see any signs of panic selling and capitulation anywhere. That would be a sign to get out.
I'm a little nervous because the Pound just dropped like a rock as I expected. Kind of fast. Going to stay short for now. No telling where it's going to bottom.
Got out at 1.3410, then shorted AUD at .7506, Nzd near it's lows. Got out with barely my skin intact. Now short Usdcad at 1.0833, usdjpy at 111.20.
Closed everything out on push down/up. Ended up going long a small amount of Euro around 1.1770, out around .86. usdcad covered too soon, just locking in profits after the mistake in the Aussie this am. But it was that mistake which tipped me off to the reversal. There's probably still more to be had. Just read a message on ET from a noobie saying how strong the dollar is.