EUR/JPY: Looking for a pullback to the breakout area from last week and then a hold. It is also coincidentally the 200MA. I usually wouldn't assign any significance to it, but as a confluence it is more important.
At this stage this move is a little large to chase without a solid consolidation here, however it could easily go to 150.00.
USD/JPY: Still the same as last week. Holding long, but think it is over-extended.
AUD/USD: Given the decent bounce from these levels last week I think it is still worth trying to fade this into 0.7550ish for a move potentially back to 80ish.
AUD/CAD: Possibly a nice alternative to AUDUSD setup and a nice hedge for short USDCAD. 94c is a serious level and a relatively range bounce pair so fading into 94c seems like a solid RR trade. It may not be a big moving pair over a large time frame... But its' average daily range is nearly 100 pips so it doesn't move quite big on an intraday basis.
USD/CAD: Still struggling to move higher and holding below the range so favour shorting heavily into 1.2550
CAD/JPY: Bit of a different one. But that 100.00 breakout looks nice so favour buying a dip towards 100.00 with a stoploss below. There doesn't appear to be a huge pickup in volatility though (except for during the breakout) so would prefer not to chase and get really solid good RR entry.
GBP/AUD: Short into 2.0050 again. Planing and simple. A consolidation here would put breakout in picture but so far I think it's too over-extended for that. If it pulls back to say 1.97 and then comes up on 2.0000 that would be a more reasonable breakout situation.
NZD/CHF: With the kiwi so weak recently it has opened up a trade based of the support from the CHF chaos earlier this year. Scale in based off 64c would be the plan.
No comments:
Post a Comment