Updates to Watchlist, Tuesday, June 22, 2010
The EJ has breached and closed below the 4h support level of the consolidation area it has been in. I’m already in that one, but if I wasn’t I’d be getting in now.
The EU is making a nice break away as well, but I missed the break below the area of indecision we talked about yesterday that was nudging along 1.2312ish. If it doesn’t stay divergent on the 1h chart, I think it could go to 1.22-1.2150 with ease.
I’m also short the GJ on the 4h close below 133.90 aiming for 131.85.
The NU has come back to the 4h retracement level and closed, convincingly below it, so I’ve got a first tester position on there, as well. Even though it is divergent at the moment…it looks like it could head to .70.
A close below 1.0212 on the UCAD will signal a short for me.
That’s what I’m up to…how about you?
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 
