Watchlist and WLW for Monday, February 15, 2010
Here’s the WL for today
Day/Date: Monday, February 15, 2010
Watchlist:
| Pair | Daily | 4h | 1h |
| CADJPY | Lots of bullish action recently, with no pullback, give it a chance to print an inverse h/s? | Couldn’t hold on to the southward breakout and has hit the 800sma again. If it breaks south again it could go for a long time. If not, that inverse h/s could be the signal for a strong trade N. | Fizzling out before it hits the 800 (again), not a good sign for the long right now. 86-85 |
| EURJPY | Creating about a 300 pip range at the bottom of last week’s moves | Double bottom or just tightening up the range? | 122.87 -122.40 could be tighter range to use, but it has a lot of muddy areas around it…123-122 is a little better |
| EURUSD | Divergent and printing a lot of support rejections | Double bottom and divergent | Trying to print a funky inverse h/s? |
| GBPCHF | I hate this consolidation range, there are no definitive levels that this pair is using consistently. | Back to the 800sma | Feels bullish on this timeframe, but any level it may hit next is muddy… ick. |
| GBPJPY | Seems like this pair is trying to bounce off of support but having a hard time holding onto it. | Ascending triangle at the bottom of the trend…weird. But a close above could trigger a trade at least to 143.25 or a close below the triangle trendline could be a short to 138.60 | TL break would have to confirm w/ a horizontal break of 140.40 for me to take the short. Close above 141.30 would trigger a long for me. |
| GBPUSD | Consolidating after that big break southward | Starting to make higher lows inside the consolidation | I think 1.5723 – 1.5653 might be the range it creates. |
| NZDUSD | Wrapping around the 800sma | Retested old support from the 800consolidation and is not trying to make up its mind. | Nested boxes. .7013 -.6918, .6990 -.6970 |
| USDCAD | Yuck | Retested former support of the 800consolidation. | Breaking low again, but w/o conviction. If the 4h can print a solid candle below 1.0475, I may jump on to 1.0370 |
| USDCHF | Lots of resistance rejection | Pausing near highs. | 1.0814 -1.0753 |
| USDJPY | At the top of the downward channel | 90.45 -89.80 |
You can download it here.
Here’s the WLW for today.
Stay in touch and let me know what you’re trading/watching! 
Be good to you,
Triffany
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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 
