My Short List
EUR/USD - Trend Continuation Long
USD/JPY & EUR/JPY- Trend Continuation Short
USD/CHF - Range Based Reversal Long
EUR/CAD - Trend Continuation Long
Hi Traders
First of all accept my apologies for being away from this blog due to holidays & some other business. Here is my short list which I am looking at in these days.
EUR/USD - Trend Continuation (Long)
Finally its seems that euro came out from 1.32 - 1.33 range & now I am expecting to have a pull back on 1.33 level to go long.
USD/JPY & EUR/JPY - Trend Continuation (Short)
Both pairs started channeling nicely in a predictable short term downtrend. Phase 1 is completing today so we have to wait for a pullback up to the top of the channel, to go short.
Last cycle setup on USD/JPY was excellent but price action didn't form a reversal bar to allow us to go short. I hope this time any of this pair can give us something worthwhile
USD/CHF - Range Based Reversal (Long)
This pair is hitting its floor. RSI developing a divergence while price action is extending to touch/fall in the FIB Extension level of 1.272.
EUR/CAD - Trend Continuation (Long)
This pair broke 1.38 level today & taken out the 24th June high. Just like euro I am expecting a pull back on this level to go long.
