Just a quick note and chart about $AUDUSD. For short term trading, potentially, I am interested in going short if the level around 1.0685/1.0670 is broken.
Let’s see how it goes.
Here is the …..CHART!!
$AUDUSD 10 Feb 2012
Chart of the moment
$GBPUSD 03 February 2012
Here is the cable chart to update my last post. $GBPUSD forced through the resistance level, pulled back, and headed higher. It reacted at the problematic level, and the next Long target will be around 1.6040 if it decided to go further.
Let’s see how it goes.
Here is the …. CHART!
$GBPUSD 25 January 2012
Here is the chart of cable with the levels I am watching. For the time being, I am looking at potential short near the level.
$USDCHF 29 Nov 2010
Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn’t mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the market.
Have a closer look at USDCHF, we are approaching reversal zone, and I see confluence of resistance and Fib levels. Bearish harmonic formation might be signaling the continuation of down trend. Well, let’s see.
Here is the chart to …CONFUSE you.
$USDJPY 10 Nov 2010
Here is the USDJPY chart. I am looking at 83 area for potential short trade. There are confluences of Fib extensions, harmonic patterns formation, and price resistance area.
Here is the chart to confuse you.
$GLD GOLD 08 Nov 2010
I am looking at GOLD chart this morning, I got the feeling it might be the time to see some corrections soon. It is now trading around the top of the recent channel, and there are confluences of Fib extensions and harmonic patterns. I have two potential zones defined on my chart. Let’s see how it works out.
[tab: Setup]
Here is the CHART to confuse you.
Define your level, and trade the level.
Trade well.
[tab: Update 13 Nov 2010]
Here is the updated GOLD chart. We have a pretty nice pull back of GOLD (not without some initial shaking though)
