Disliked[font=Arial][size=3]I don't post here often since I prefer intraday scalping as a strategy, but an occasionally big trade appears on the horizon that I'll go for a longer drive on. Actually I believe it leans more on what should be called "a transfer of wealth."
Recent developments within the EMU and ECB have me looking to short the EUR/USD. Methinks at present without a Euro bond or common treasury the EMU is virtually forcing the ECB to sell non-paper assets for collateral on the P.I.I.G.S. debt. Buildings, businesses, airports, islands,...Ignored
From a technical perspective, this trend line break is most certainly major, and as such - I think you are correct! These types of trend lines don't give way just any day, so you must at least try to make it work for a larger trade - in my opinion that is. It will only take one of these trades going several handles to make a large portion of a decent year's gains.....