Friday, January 13, 2012

1 14 Jan

Breaks of Ucad under 1.0138 -- should be C wave under way.
Over 1.0318 1.0423 no trade invalidates triangle- very bullish dollar needs confirmation from AU, AJ, NZ, GU, USDSGD

EU 1.2889 BO to 1.3219 Appears possible
no real fibs support to 1.22- possible 1.25... Would have been nice to daily SV-- usually more supportive of a decent rally- but a low V up day that retraces all of today would also work.

Long term we looking for shorts on EU and Longs on UCad-- but the MM would want to shift the market and re-distribute and accumulate before moving on.