I think there are probably 10,000 charts talking about the daily “Pin bar” of GOLD lately. I am not the expert of “Pin bar”, I do notice the long tail tested the resistance level and failed to close above it. Anyway, looking into shorter time frame, we have a support zone around 1755. More conservative play will be waiting for the break of this level, and get in during� pull back. Well, if it pulled back.
Here is the 4 hour chart. (click to view full chart)
NZDJPY looks interesting to me. A potential short. Just be aware high impact events (FOMC statement) later today.
A late post. I was watching potential Long setup of of EURSGD at the retest of previous resistance zone. Initial target is to test 1.59, and next is 1.6. Let’s see how it goes.
Here is the ….. CHART!
$EURJPY had a nice break out from the range yesterday. A potential entry area will be around 99 if you are trading pullback. Just be aware, in daily time frame, 200 moving average and potential resistance zone are sitting around 101.
Here is the CHART!
Have a good weekend!
OK, I am still on vacation. Reading some charts while the missus and the kid are still in bed. I am interested in establishing short $USDSGD at current level. Of course, if it failed, the next level I am watching is slightly above 1.26.
Anyway, here is the chart.
[tab: Setup]
[tab: Update 08 September 2012]
Here is the updated chart of USDSGD. The pair failed to break abvoe 1.2560, and downtrend resumes. It broke the last swing low last week. Let’s see how far it can go from here.
Here is my watch list for the day/week, depending on the time frame. “Level to watch” is the level I expect to see some price reaction, not the exact entry price. There are other elements to be considered before opening a position. Charts will be posted if any trade is triggered. The list will be updated throughout the week.
