Welp, I spent the last 30 min. reading random things online rather than working, but I’m back now. Equities are pushing down this morning, but there wasn’t a huge exhaustion up-move prior to this so it’s probably not a reversal. It’s Friday, so I probably won’t trade anyway, so I’ll take the baskets at face value.
USD – N – Nice spike this morning, but still sitting below yesterday’s highs. This doesn’t look like a reversal, so I’ll still be expecting to look to short this next week. For now, I’ll hold off, though
CAD – S/N – This is down a good amount this morning and stalled at some support. This may be offering a good entry point, so I’ll take a look at individual charts to see if the R:R is there and maybe pull the trigger (probably in a practice account)
Today’s Pair
AUD/CAD – Long
EUR – N – Still a lot of whipsawing. Huge upper wick today with a small body. I’ll hold off here
GBP – N – Hard to tell whether this is reversing — it’s down a good amount after those 3 huge up-days — or if it’s just pulling back since it’s stalled at a level that looks like a re-test. Since it’s Friday, I’m not going to try to figure that out today and will see how this performs next week. Maybe I’ll check on Sunday
JPY – N – This is up a bit on the day, but still appears to be basing. Also, over the last 4, kind of 5 days there have been big upper and lower shadows with small bodies on the daily chart. I don’t like that either. I’ll hold off
AUD – L/N – This looks like it’s continuing to push up. It’s already broken out of some resistance, but we’ll see what individual charts look like
NZD – N – This is down a bit today, and it’s within a pretty strong range anyway, so I’ll hold off
CHF – N – This is up quite a bit on the day after 4 down-days. That said, It had already been up a lot more this morning, but took back about half of it’s gains. This looks like it’ll be primed to be shorted again next week, but for today, I’ll hold off