I have been watching the selling of AUDUSD. No position at the moment. We are now roughly at the 38% retracement, 82 cents zone. Let’s see if it is supported here, or maybe we will be looking at 0.78 level, which is also 50% retracement in daily chart. I am looking at every opportunity to build my long term position.
Here is the chart! (Click to view full chart)
AUDUSD broke below 0.91. Well, I am looking at some possible minor support around 0.906-ish level, however, the level of interest would be 0.90. Let’s see how it works out. I still love the idea of Long Aussie.
I was trying to look for trading opportunity in AUDUSD chart. Instead, NZDJPY caught my eyes. We are heading to a 3rd test of 60 area. I thought all eyes are on this level.
Err…is that a triangle pattern? Hmm..Not sure. But I am still interested in testing the support at 59-60 area. Let’ see.
Here is the CHART!
I have been trading the whole week, and still holding half position of EURGBP long. I just did not find time to write anything here. There are just too many things to think and handle outside my trading life recently. A little bit stress is building up… Anyway, that’s not the point of this post.
AUDUSD and AUDJPY start to confuse me now. I can’t see the clear picture, so I will leave them alone for now. Some of you might argue USDCAD is back to buy zone again. Well, this time, I am not so sure. I am not sure if we should jump in now. It does not convince me so much. Instead, we might see a run to mid 1.02-ish. Well, who knows? Let’s see.
Here is the CHART!!!
I am still trading and watching the markets. However, I didn’t find anything interesting to post on the blog, that explains why the lack of post last week. However, you can always follow my tweets.
Anyway, I tweeted yesterday about going Long with AUDUSD and AUDJPY. I am still holding the positions. Here is the chart of AUDJPY. Do you see something interesting here? As usual, I love to go in to test the support zone. Let’s see.
What do you think?
I exited my AUDUSD long position earlier today with small loss. The entry was too early. However, I am still looking to build long positions of AUD, NZD and CAD (by Short USDCAD). Let’s see how this strategy works out. Basically, my approach is to test the market, if it does not work out, I run, building another position. No scalping though. OK, I am talking too much now.
I had a look at GOLD. This is another reason I am interested in building long positions of commodities currencies. Well, though this is not the only factor. Take a look at Daily and 4-hr, what do you see? Is it going to break or bounce?
Here is the chart (click to view full chart)
Here are some technical figures:
