Sunday, February 3

Watchlist for February 4 - 8, 2013

Disclaimer: 
Educational purposes only not a recommendation to anyone. This is based on my trading style and experience.

The EURO, AUD, and NZD continue to shine while JPY and GBP are weak. Waiting for price action to get in the following with confirmed PA:

EURUSD, Daily
Wait for pullback


EURJPY, Daily
Wait for pullback



EURGBP, Daily
Wait for pullback near or at support. Looking at 4H will also help. If this does not make sense leave it alone.


EURNZD, Daily
Testing support no more hurrying let the market do its thing and then join in the fun :o)


EURAUD, Weekly
Inverted head and shoulder stalking the daily for a chance to get long. Support zone should be respected by price staying above the line.


USDJPY, Daily


CADJPY, Daily


GBPJPY, Daily
Wait for retest of support.



AUDJPY, Daily
Nice consolidation area wait for its retest.



NZDUSD, Daily
Testing the breakout area. Stand aside for now and watch for further hints.



NZDJPY, Daily
Beautiful looking uptrend. Not buying yer.


AUDNZD, Weekly
Aussie broke the longer term support now turned resistance. Wait and see.


GBPUSD, Daily
Bounced from the daily support however it ended the week kissing back support. This support level needs to be broken convincingly there are lots of traffic to the left which can slow down the prevalent momentum. Anything can happen so we will take it one day at a time.


GBPCHF, Daily
Broke first layer of support. We will wait for price to lead the way as usual. If price kiss the resistance (lite blue box) and give a nice PA. We will enter short.


Goodluck to all of us and trade well!!!

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