We have made a PIVOT to RISK OFF.
LONG EURAUD and EURCAD
We feel the next few days (especially overnight and in the am) will have some moves lower in RISK.
We are risking recent LOWS on EUR XXX and recent highs on the CADJPY idea (we posted previously).
We do not feel this is the BIG SELL OFF but it will extend a bit more, today’s close was bearish and it should have continuation. We are going to be diligent and take profit at 3X risk capital.