Saturday, February 4th, 2012

Watchlist for August 30th and 31st

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Here’s the WL for today and tomorrow:

Pair Daily 4h 1h
CADJPY Looks to be tightening and getting ready to head long back to the 800sma Still hasn’t touched the 800sma short on this time frame but seems to have found the support level the 800 is likely to meet during tightening. Swirling around the 800sma
EURJPY Looks to be tightening and getting ready to head long back to the 800sma Still hasn’t touched the 800sma short on this time frame but seems to have found the support level the 800 is likely to meet during tightening. Swirling around the 800sma
EURUSD Overall feel is long Sticking to its price pattern, looks ready for a long bounce. Also looks ready for a long bounce.
GBPCHF Double top played out to 150% fib level Touched the 800 and looks to be ready for some correction after such sharp selling. Close above 1.7257 is a long to 1.7345
GBPJPY Looks to be rejecting the double top trigger Hasn’t touched the 800 yet but looks like price will meet it at about 151.  Confirmation candles formed on Friday’s movement, but Sunday tells a brand new story. Hidden bullish divergence w/ reversal candles but no confirmation yet.  A confirmation candle would mean a long to 153.25
GBPUSD Head and Shoulders triggered but will it keep the momentum after Th and Fri reversal candles? Retest has already happened after Thursday’s selling, but anything can happen on a new week. Not a clear picture here.
NZDUSD Hit the 800 sma but hasn’t retouched TL, consolidation likely. Double top with divergence. Bounce would mean a long to 0.6875, below 0.6833 would mean a short to 0.6790
USDCAD Tightening up around the 800sma Broke TL and retested it but seems to be tightening up still Wrapping around the 800 sma.
USDCHF Still stuck inside its stupid consolidation range. Divergence could drive the price up to 1.0661 What a mess.
USDJPY If this sticks to the downward channel it has chosen there could be further shorting Double bottom? Inverted H/S?  Maybe this is ready for a bounce instead of a break.

 

Here’s the printable version

I’ll see you Monday for the Watchlist Webinar and then will be posting a new meeting link for September.  Can you BELIEVE its almost September already?!  What the fed?!

Hope you’ve all had a great weekend. 

Be good to you!
Triffany

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