BKSWING – New EUR/CAD Sell Order

EUR/CAD is in play this week with ECB President Draghi warming to the idea of Quantitative Easing and Canada releasing its current account and GDP numbers. We expect euro to drift lower ahead of the ECB meeting and the best currency pair to express this view could be EUR/CAD, which is why we are adding the following order this morning:

1. Sell EUR/CAD at 1.4763

Stop at 1.4823

Close 1/2 at 1.4733, move stop to breakeven

Close rest at 1.4565

We still have the following pending orders on:

1. Sell AUD/USD at 0.9179

Stop at 0.9239

Close 1/2 at 0.9149, move stop to breakeven

Close rest at 0.9055

2. Sell NZD/USD at 0.8479

Stop at 0.8539

Close 1/2 at 0.8449, move stop to breakeven

Close rest at 0.8315

3. Sell EUR/GBP at 0.8045

Stop at 0.8105

Close 1/2 at 0.8015, move stop to breakeven

Close rest at 0.7950

4. Buy GBP/NZD at 1.9793


Stop at 1.9733

Close 1/2 at 1.9823, move stop to breakeven

Close rest at 1.9975

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

Swing

Leave a Comment

Your email address will not be published. Required fields are marked *