Wednesday, October 3, 2007

Forex Majors are moving

Currently I am maintaining my two open positions. Seems that the majors gbp/usd, usd/chf, eur/usd, aud/usd are selling off indicating usd strength. We will find out over the next couple of days if we break key support levels.

I believe usd/cad is still in a down trend and continue with my short position and outlook. The gbp/jpy trade I researched is up around 250 pips now. I have no regrets about not entering that trade because the entry parameters did not meet my criteria, but researching a new trade is a exciting.

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