Updates to the Watchlist, June 8, 2010
There’s not really much to update today, since I don’t see anything new or much different from what we talked about yesterday.
I’m watching the U/CAD as it seems to have found its comfort zone after yesterday’s climb up and is consolidating nicely. I would rather see it come down and touch at least 1.0420 before climbing again and going off of price behavior alone that seems likely. My MACD is curling up, however, so it is just as possible that it may nudge along 1.0525 for a bit (instead of a full retracement) and then bounce long instead. So, I’m willing to take either side of that trade. That’s the only new one I’m watching, though.
I’m still short E/U, G/U, N/U and G/J.
Remember, today at 12pm EDT you can join me at FXStreet.com for a Support and Resistance webinar if you’re available.
Have a great Tuesday!
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The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace. It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs.
In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at 
