Idk… I’m late and don’t really care, and I’m in a trade, so I’m just going to take the baskets at face value and not think about sentiment today.
USD – L/N – This is up a bit today, but stalling out at some resistance. There might be opportunity to take this to the top of it’s range, but there’s also more resistance before that level. I’ll take a look at individual charts
CAD – S/N – This spiked yesterday, but stalled at the resistance level that was long-term support. Today’ it’s pushed a bit further up into that level, but has pulled back and is sitting at the open. If this can go back down to today’s lows, this could be a good short. I’ll take a look at individual charts
Today’s Pair
USD/CAD – Long
EUR – N – This got up to the top of it’s range and stalled, but didn’t fall as I anticipated. So far, it’s just basing at that level. I might entertain this if it breaks out, but I’m not sure it’s going to do that soon. I’ll hold off here and just try to keep an eye on it
GBP – N – This pushed down on Tuesday, got into the range that made the reverse head-and-shoulders pattern a couple of weeks ago, but rallied and closed at that support area/closer to it’s open. On Wednesday, this pushed higher, up to previous support (as a resistance level) but dropped and closed almost at it’s open and today it’s pushed lower so far on the day but is sitting at the open. There appears to be a lot of indecision here, so I’m going to leave it alone
JPY – N – I’m not going to describe the candles this time, but there’s a lot of indecision here, too. I’m going to hold off
AUD – N – After breaking out of the range it’s been in for a long time yesterday, this pulled back to within that range and close right near the top of it. Today, price is down again, but fully within yesterday’s candle, and hovering right above that support/resistance level. I don’t love this right now, so I’ll hold off. Maybe when/if it starts to move again, I’ll revisit. But honestly, I probably won’t look at this again until next week, so let’s hope it stays where it is
NZD – N – I’m in an NZD trade, in the opposite direction than it’s moving right now. I’m not going to take another NZD position, so I’m just hoping for the best
CHF – N – I’m in an CHF trade, in the opposite direction than it’s moving right now. I’m not going to take another CHF position, so I’m just hoping for the best