S&P downgraded Spain to B last night and for some bizarre reason the market was surprised. My long positions looked like crap this morning (AUD got within 2 pips of my stop & I got stopped out of some crude) but you can't keep a good market down and a sharp rally / sell off in USD underway.
Technically most markets either in congestion or have broken out to the 'risk-on' side.
More charts for everything this weekend ...
USDJPY short 80.83 stop 81.33 target 78.36
AUDUSD closed half position 104.30 (+1.5R)
CL long from 103.90 balance stopped out on spike (-0.5R)
WTI long from 103.05 closed balance 104.25 (+2R)
(-- need CL to close above 104.66 to stay bullish & so far not happening, when I exit it will)
EURUSD long 1.3152 stop 1.3132 target 1.33 - half position
EURAUD long 12672 stop 1.2638 target 1.3175 - half position
AUDUSD long 10370 stop 1.0350 target 106 - half position
A great day!