Wednesday, April 1, 2009

A Couple Possibilities



Couple patterns to watch for. These patterns all start with the AB=CD move so we don't have to wait for the move to complete to trade it. The chart with the yellow lines are potential targets for the EURUSD. My long term bias is still to the down side. The chart with the pattern in red is a possible sell pattern for the GBPUSD. Long and short term bias is to the down side with the GBPUSD

Also keeping an eye on the NZDUSD. Has a fairly nice pattern forming if you look at the 60min chart. Check out the Daily chart as well. Looks to be completing a sell pattern. My bias is still to the up side though.

This week has been a lot slower than I like. Not sure really why. Maybe the G20 and the NFP this week. Possibilities

No comments: