Tuesday, July 7, 2009

If you're still short CAD/YEN...

...like I am (in my intermediate account...4 days to 2 weeks), then take a look at the daily chart. Yesterday, this pair closed below the 55EMA. Remember, I originally started looking at the CAD/YEN because of the break in the 6 month trendline we discussed a few weeks ago.

Now, we are looking for the pair to possibly hit the 200EMA...we'll see.

Oh, by the way, did anyone see the post we did about
oil topping at around 72 back in June? When I say we...I mean a trade I made because Adam and Market Club have been huge drivers of this account's positive gains.

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