And another new position: shorted DAX30 @ 13105. The index is spiking this morning, but it has reached the upper boundary of a declining channel, and these channels, when they form after a prolonged rise such as this time, tend to break quite hard on the downside when they do break south (otherwise they just become bullish flags). I am betting that this will break to the downside.
If that happens, the UCAD will probably rise, but hoping I can squeeze some 40-50 pips from it before it does, so I have a take-profit of 1.1965 on UCAD short. I will be out for much of the day so will revert sometime in the evening to see what has happened
Chart with DAX short taken a few minutes ago, it's a 4hour chart
If that happens, the UCAD will probably rise, but hoping I can squeeze some 40-50 pips from it before it does, so I have a take-profit of 1.1965 on UCAD short. I will be out for much of the day so will revert sometime in the evening to see what has happened
Chart with DAX short taken a few minutes ago, it's a 4hour chart