Out of AU at 7300 for 11 pip profit. Reaching some support. Will look for area to trade short again. I dont like to do breakout trades. 55 chart (intermediate chart) on AU shows a very good divergence short
Darn it!!! Wish I would have left AU short position opened, this thing never looked back to give me an entry. Its just that I have never been good with breakout trades.
NU is approaching area of support, I might unload 1 of the 3 lots and GU position is about 50 pips from entry point, so I will be looking to get out of at least 1 of the 2 lots near the entry point.
Both GU and NU entry charts have turned negative even though they are near support areas, which might mean that there could be a bounce but it will take a lot of strength to make it back up, SPECIALLY IF the sentiment has changed. I was looking for the reason(s) on the US$ and I read that since yesterday's eco news were negative, the market thought that the expected rate hike at the end of the year was not going to happen.
Well today's news (specially the CPI) was positive which brings back the "inflation" (like if we do not have inflation) variable into the equation, meaning a probable rate hike.
Let's see what the Philly Fed report says at 10
Yup worked out nicely. Like your AU, I shorted myself a little. I took 46 but easily could have been more. Not complaining though. GU should be interesting for you. I want to see if there is a pullback up to about 1.5445-50. If there is and that area holds and then starts falling again, I'd be targeting 1.5375.
I'm long UChf up to 0.9564 and GU is almost giving the signal for a short. Not quite there yet but close. GU may have to wait until tonight or tomorrow early am. However, if we go back above 1.5488 today, I don't like the short anymore.
In case anyone is wondering, I'm buying Uchf all the way down to 0.9453 if needed. I see this pair bottoming here. Avoid this trade if you can't handle the DD.
Well doing my nightly scan I just notice how good that resistance area on EURAUD held up and how it gave a 300 or more pip drop so far. That is why I keep saying that those areas are gold. Its just a matter of waiting for the right signal.
I'll be back with my view of the market tonight and a response to TDS about his UCHF long which I might agree on.
EURJPY SHORT -- DAILY SIGNAL
CHFJPY SHORT -- 144 CHART AND SOMEWHERE AROUND THE 127 AREA
AUDUSD SHORT -- 89 CHART, BUT I WILL BE CAREFUL WITH THIS ONE A BIT
WATCH EURGBP FOR A SHORT ABOVE 7400
GBPAUD SHORT -- 144 CHART
GBPCHF SHORT AROUND THE 148 TO 150 AREA. HEAVY RESISTANCE IN THAT AREA.
As far as the UCHF, I dont see a clear signal to go long. I am posting a chart with the 144 chart and a Trendline showing where support might come to play
