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EURUSD provides short opportunity
I am very keen in watching the development of EURUSD. On daily chart, it sets up a SHORT to me, and looking at weekly chart, we are approaching resistance area. Well, to me, I am only looking at SHORT. In fact, I will establish a small swing trade position soon.
Here is the….. CHART!
Trading Idea : GBPJPY Short 03-Jun-2009
I have not been posting too much recently, partly because I am kinda under the weather for the past few days. It is not fun to fall sick during winter. However, I am still active in Twitter.
Anyway, here is the the potential short setup I am watching right now. GBPJPY looks exhausted to me.
Here is the ………..CHART!
Trading Idea : EURJPY Short 25-May-2009
I am not taking this trade (EURJPY) due to bank holidays. UK and U.S banks observe Spring Bank Holiday and Memorial Day. I am not interested in trading during holiday session. Anyway, the chart sets up nicely. It provides a nice short setup for short term trade, however, risk is relatively higher trading during the holiday session. Well, that’s what I think.
Here is the ….. CHART!
Wrong side!
I am obviously at the wrong side of market this week. So, before any serious damage , I decided to stop my car for a while, and enjoy watching. 😆
Bearish view of GBP crosses
We saw a pretty good run of British Pounds crosses recently. However, good things seem to come to an end. I saw bearishness across GBP crosses. Looking at the bigger time frame of GBPUSD (i.e daily and weekly), now might be the time for down trend to resume. For short term trading (1 to 2 day time span), I am looking at EURGBP Long, GBPAUD and GBPCHF Shorts. Swing trade, GBPUSD is another shouting SHORT to me.
Here is the….CHART!
You can find my shameless, fatal market calls on Twitter and charts on Chart.ly.
