Good morning from Italy, where the weather is lovely – I am flying back to the UK today so am bringing a boat with me to get around!!
For those of you who read my blog regularly, you will know that I have been short the EUR/CAD pair for several weeks. For those of you who trade shorter timescales than I do, I would suggest you trade short today, following the weakness signal of ten days ago., where after a small rally, a major upthrust occurred in the candle formation. This has now been confirmed by yesterdays significant down bar following a few days of trending sideways.
The pair are trading at 1.4280 currently and I would short this pair now, for some profits over the next few days. Watch for a bounce off the lows of previous trading at around 1.4100 – if this penetrates then I would leave the trade in place and wait for lower prices, as I am doing right now. Good luck, and you can always contact me via the web site.