Here is the Daily chart of EURUSD. Looking at it carefully, we are entering supply zone, and we have confluence of harmonic patterns, top of channel, and resistance level. I am watching closely for potential short opportunity. Let’s see how it goes.
Quick update
I have recently moved to a new place, and hence, setting up a new office. It is a tiring work, and this also explains the lack of update recently. I have a very slow start of March, and I should be back to full swing this week. More later.
Key Levels to watch for Week 21 Feb 2011
Here are the currency pairs and the key levels on my watch list for this week. I am not sure if I have any extra energy to trade this week, since I am busy preparing for next week’s house moving. Anyway, that’s not the point of this post. Again, these levels are just support/resistance that I am watching.
Here are the …CHARTS!
[tab: EURUSD]
[tab:GBPUSD]
[tab: EURGBP]
[tab: NZDUSD]
[tab: EURJPY]
[tab: USDCHF]
[tab: USDSGD]
$NZDUSD 15 Feb 2011
NZDUSD is currently trading in an interesting zone. We have a bullish harmonic formation and the confluence of key support levels, and daily rising trend line. If a bounce from here happens, I have two possible scenarios. 1st is a pull back and then continuation of bearish symmetrical movement (Refer to the yellow lines). 2nd possibility is to complete the bigger Bullish harmonic formation which will see NZDUSD back testing daily downward sloping trend line.
A couple of potential trading opportunities here. Let’s see how it goes.
Here is the…. CHART!
Key Levels for week 14 Feb 2011
Here are the pairs and the key levels that I’ll be watching for the coming week. These are basically support and resistance levels. Since I am mostly trading off 4-hour charts, I am only posting charts of this time frame here.
Have a great trading week ahead!
[tab: GOLD]
[tab: AUDUSD]
[tab: EURGBP]
[tab: EURUSD]
[tab: GBPUSD]
[tab: NZDUSD]
[tab: USDCAD]
[tab: USDCHF]
Key Levels to watch Week 07 Feb 2011
I am testing a new idea, so for limited time, I am posting key levels of some major pairs that I am trading frequently. These are basically support and resistance levels. If any of my 12 readers finds these to be useful, shoot me a comment, we’ll see what we can do with these.
I am trading mainly off 4-hour chart, so only 4-hr charts are posted here.
[tab: EURUSD]
[tab: GBPUSD]
[tab: AUDUSD]
[tab: NZDUSD]
[tab: USDCHF]
[tab: USDJPY]
[tab: GBPJPY]