AUD/JPY, July 21, 8am UK Time The pair broke outside the upper range of my trading zone, re-traced to the last Fib level during Asia. This has potential to go up to the 78 level. I won’t be trading it today.
Browsing Posts published in July, 2010
AUD/JPY, July 20 Asia was active, as called by @tradercisco, and we finally we broke out of yesterday’s range to the upside and quickly moved to the next Fibo level, which also marks the upper end of a long term channel (marked in red). Like yesterday, this zone is very congested (Daily R2 at 76.4483, 38% [...]
AUD/JPY, July 19, 8am UK Time, H1 The pair is trading in a 600 pip wide range from 73 up to 79, currently almost in the middle just above 75. Two decision zones, based on daily and H1 Fibos will determine direction for today. Trade what you see. AUD/JPY, July 19, 10pm UK time RANGE [...]
NZD/USD, July 16, M30, 8am UK Time NZD/USD in an 8 day up trend, broke all sorts of long term down trends and took a breather after peaking at .73. Fib lines and decision zones will determine if the move down through Asia was the turnaround or just a pullback. Watch the 61% and the 50% Fib [...]
NZD/USD, July 15, M30, 8am UK Time Good morning everybody. Similar to my logic yesterday, I have picked a pair with a very strong currency -NZD- and a very weak currency -USD-. The pair has been in an up trend for 7 days in a row and is pretty likely to go down today, like AUD/JPY yesterday [...]
AUD/JPY, July 14, M30, 8am UK Time Ok, today a different pair. Why? AUD has been going strong for the last 6 days and JPY was weak. Without any Australian news on the horizon to continue the trend and the recent pullback we have seen in JPY, this could either exhaust its up-trend, or go [...]
GBP/USD, July 13, 8am BST Asia consolidatied at the 100% Fib from yesterday’s move during London. Europe started mirroring yesterday’s nose dive. Right now we see 1.4979 with ongoing USD strength and GBP weakness. Yesterday’s low was 1.4950 so watch this level. If we continue on yesterday’s path we will consolidate a bit and re-bound through [...]
GBP/USD, July 12 Downward channel is still intact. GBP showed continued weakness during the Asia session, with COT data for cable at -86. USD shows some signs of recovery during Asia. This is a pair that could trend today. 1,4996 is a valid S1 level, and just got broken and re-tested. I am looking for [...]
EUR/USD July 9 EU/JPY July 6-9
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