Shorted it anyway with US market closing, but this is tight game now. We have have multiple triangles going on, but rather than just looking EW – I went for traditional lines in here specially with UsaCad.
For EuroDollar that 1,4150 is just natural resistance from neckline. As inverse same is support for UsaCad. I don´t expect anything big to be happen yet, but I do believe US market have to leave some room for asian market to play and eurodollar price cannot park forever for this roof (where I suppose it´s been most of the US session). UsaCad 61.8% bottom is now tested 3 times. We might have multiple triangle issues going on specially on here.
Shorted at 1,4125, but with tight stops above neckline. Perhaps some kind of final breake in next week could be issue – until that happens, this game is narrow. There´s no reason to even look SPX or Oil. Everything comes now from here, read Usd-Chf or Usd-Cad or Eur-Usd.
So, I really don´t have any big expectation with this one and I am sure every prop desk in the world is watching now UsaCad and UsaCad only.
