EURGBP
Sitting on support at 9000 and consolidating. I’ll keep my long entry order in at 91833. One the daily charts this has bounced up off a 50% retracement from the recent high, to the low made on 19 Oct 2008, so it’s a good opportunity to ride wave 4.
http://img172.imageshack.us/img172/9...bpdailyyf6.jpg
USDCHF
This has twice failed to close below 11100, and the trend is quite strong. I currently have 80pips open profit and this position appears to have plenty more upside.
EURUSD
Appears to have made a double bottom on a previous support and resistance line going back for the past few months. I’ll place a buy order at 13450, and a stop at 13288. My breakeven stop will be set when price reaches 13750
GBPUSD
It is in a cyclical consolidation pattern, and appears to be in the down phase. I’ll keep monitoring the 60 and 30min charts for patterns to enter short.
USDCAD
Broken above an intermediate high at around 12028. I’ll monitor this for a retracement near to that level and a reversal pattern.
USDJPY
Dropped below a strong support level, and 90.00, so in my analysis this is now trending down. I’ll look for a retracement near the 90.00 mark before entering short. So far there is a peak at 89.5, hence I’ll look for another top at this level as it coincides with various trend line resistances.
EURCHF
Broken downwards out of a choppy looking triangle, hence my sell order at 147555 will remain in place with the stop still at 15141.
GBPJPY
Heading downwards in a steady strong trend. The current triangle is an opportunity to enter the downtrend. I have placed a sell order at 131.80 and a stop at 132.60 with a breakeven stop when price reaches 13050
To summarise:
GBP/JPY SELLING AT 131.800 STOP AT 132.600
EUR/USD BUYING AT 1.34500 STOP AT 1.32879
EUR/CHF SELLING AT 1.47555 STOP AT 1.51410
EUR/GBP BUYING AT 0.91833 STOP AT 0.88350
Sitting on support at 9000 and consolidating. I’ll keep my long entry order in at 91833. One the daily charts this has bounced up off a 50% retracement from the recent high, to the low made on 19 Oct 2008, so it’s a good opportunity to ride wave 4.
http://img172.imageshack.us/img172/9...bpdailyyf6.jpg
USDCHF
This has twice failed to close below 11100, and the trend is quite strong. I currently have 80pips open profit and this position appears to have plenty more upside.
EURUSD
Appears to have made a double bottom on a previous support and resistance line going back for the past few months. I’ll place a buy order at 13450, and a stop at 13288. My breakeven stop will be set when price reaches 13750
GBPUSD
It is in a cyclical consolidation pattern, and appears to be in the down phase. I’ll keep monitoring the 60 and 30min charts for patterns to enter short.
USDCAD
Broken above an intermediate high at around 12028. I’ll monitor this for a retracement near to that level and a reversal pattern.
USDJPY
Dropped below a strong support level, and 90.00, so in my analysis this is now trending down. I’ll look for a retracement near the 90.00 mark before entering short. So far there is a peak at 89.5, hence I’ll look for another top at this level as it coincides with various trend line resistances.
EURCHF
Broken downwards out of a choppy looking triangle, hence my sell order at 147555 will remain in place with the stop still at 15141.
GBPJPY
Heading downwards in a steady strong trend. The current triangle is an opportunity to enter the downtrend. I have placed a sell order at 131.80 and a stop at 132.60 with a breakeven stop when price reaches 13050
To summarise:
GBP/JPY SELLING AT 131.800 STOP AT 132.600
EUR/USD BUYING AT 1.34500 STOP AT 1.32879
EUR/CHF SELLING AT 1.47555 STOP AT 1.51410
EUR/GBP BUYING AT 0.91833 STOP AT 0.88350