A few positions we have on right now and charts for them. 2 out of 3 sit without any risk at all.
AUD/CAD Short – In Progress
Major resistance in the 1.0050-1.0100 area. Technical analysis points out that this is a key area for price reversals. Keep in mind – some consolidated areas between price and targets. Est time for trade is 3-10 days. Current risk @ 0.51% Profit Target @ 1.18%
EUR/CAD Short – In Progress
Price breaking a major supporting trend line. Bearish technical analysis, and long term trend line support in the 1.3700 area. Keep in mind – Watching previous low for signs of support. Est time in trade 3-10 days. Current risk @ 0%. Profit Target @ 1.77%
USD/JYP Long – In Progress
Long USD/JPY this morning. Short term entry for intra-day trade. My technical analysis projects a price move to the 114.55 area. Keeping in mad – Yellen Speaks today. Est time in trade 30-90 min. Current risk on trade 0%. Profit Target @ 2.25%