Closing on the upper triangle area where shorts may be convenient given risk ratio. If line holds, that would be a 4th attempt to brake it since Sep.9, opening a high probability to test Sep. low and maybe to go down even further. While BOE is hinting a possible stimulus to UK economy, a whole EUR picture is far worst than potential impact that £ printing may have on this pair. I am personally favoring a downside on this pair with potential resistance areas @ .877, .883 and .888 (Aug. high).
Current position: short from .874
Shorts pending @ .8765 and .8797
Stop placed @ .883
Congestion between 50 and 200 SMA on 60 min chart may signal a top in place and move downwards. Daily closure above 200SMA may signal a reversal upwards. I am currently fading C$ data from 1.3652 and 1.3685 (if it gets hit) - stop at 1.3727.
Updated EURCAD chart as of 17:23 GMT - first stop triggered, next one is @ 1.3769:
This run should be due to a correction... leaving one lot still in place while having 75 pip loss on the first one.
EURGBP short open from 0.8765 with stop @ 0.8814 (open target). First short stopped with 50 pip loss.
Update2: I've just noticed that EURCAD advance got stopped at 38.2% fibo-retracement, just at my stop point!!!
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