I woke up early enough this morning, but decided to get on Reddit for, apparently, 45 minutes… Now the markets are opening soon, and I’ll be in the middle of my analysis when it happens. Oh well, Let’s see if I can still find opportunities. It’s happened before, and it’ll happen again.
USD – N – This rallied yesterday, and is up a bit again today, but it’s pulled back from today’s highs and is sitting near the open. I’m not necessarily ready to say that this is reversing back to the downside yet, and I’m not convinced about this to the up-side, so I’m going to hold off, at least for this morning
CAD – N – I still don’t like this pattern. I’ll continue to hold off
EUR – S/N – This rallied yesterday and the day before, but it’s down again a bit today. I’m overall bearish here, so I like to see this moving back to the down-side. I’ll see if there are any opportunities to short this but I won’t chase
Today’s Pairs
EUR/GBP – Short
EUR/AUD – Short
GBP/NZD – Long
AUD/NZD – Long
GBP/CHF – Long
AUD/CHF – Long
GBP – L/N – After yesterday’s big push up, it stalled out at some resistance but today it’s up again. That said, today’s highs aren’t as high as yesterday’s, and it is sitting near the open, so I don’t love this. I’ll see if there’s a way I can play a breakout of yesterday’s highs. I’ll just glance at GBP charts, but I’ll try not to chase here either
JPY – N – After pushing up over the last 3 days, today’s candle looks like it’s stalling out. It’s pushed a little higher and lower on the day, but is sitting right at the open. I don’t feel comfortable about this to either direction, so I’ll hold off this morning
AUD – L/N – After yesterday’s drop, this is up a bit today. Today’s candle has pushed lower than yesterday’s, but it’s already rallied and is up now. Again, I’ll try not to chase, but I’ll look to take this long
NZD – S/N – This dropped over the last 5 days, and is down again today (and has already pushed lower than yesterday’s lows). I’m a bit apprehensive about looking to short NZD when I’m looking to take AUD long, but at this point, that’s what the chart’s showing me. I’ll be careful here
CHF – S/N – This is down a bit today (again, still looking a lot like EUR), but it’s made highs higher than yesterday’s. Since I rated EUR a short, I’ll glance at a couple charts to see if there are any opportunities here, too. Seems logical