Wednesday, December 16, 2009

Trade 213 - Short CBA



Short 100 CBA @ 52.74

Strat
1/ Weekly, Daily both downtrending
2/ AUD falling, unwinding of carry trade could see banks fall
3/ financials are lagging after interest rates are being hiked

Tactical
1/ Daily, hourly, 15 minute all below 50MA

Risk
1/ Stop 53.327 @ 15 minute resistence
2/ Target 52.00
3/ 59/74