Watchlist for October 11, 2009
| Pair | Daily | 4h | 1h |
| CADJPY | Extraordinary Friday movement could mean time for a pullback. | Sitting in a “Muddy Area” and could mean retracement is likely. TLs are more clear. | Short below 85.75 to 84.85 or even as low as 84. Don’t trust the long until I see a close above 86.50. |
| EURJPY | Screamed away from 130.65. Will keep that level on my charts as an “Important level” | Trying to get to the 800sma? But could get to 133.80 on a sharp move. | Long above 132.40 could grab 50-ish pips. Looks like it may pull back a bit first though. |
| EURUSD | Double top forming? | Closed back inside old nested box area. | Short below 1.4680 to 1.4565 and then watch for Daily double top trigger. |
| GBPCHF | |||
| GBPJPY | 2nds price rejection of 140.40. Large Range from 144 to 140.40 | Tightening up is creating a nested box trade. | long above 143 can grab 50-75 pips or short below 141.70 can do the same. |
| GBPUSD | Holding tight to the consolidation range 1.6140 to 1.5790 | Still wrapping around the 800sma. When it finally moves it will be big! | Lost on the short breakout and missed the long…lots of whipsaw in this last week makes a trade plan difficult today. |
| NZDUSD | This has spent a long time away from its daily price pattern | .7320 is the level to watch | Long above .7350 to secondary high of 74 or short below .7320(?) to .7265 |
| USDCAD | Strong movement to prior support, but will be in muddy area until a close below parity. | Divergent | Overextended and divergent. After one more quick shove to the south it could be ready for a move to the 800sma on the 5m chart or even on the 1h chart. |
| USDCHF | |||
| USDJPY | Severe price rejection, confirmed by divergence, but movement happened all at once. | Pausing at resistance, retracement to the short side possible before resumption of long. | Close below 89.60 could mean a quick scalp of 40p or retrace to 88.70. Long above 90 to 91. |
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Let me know what you’re watching! I’ll see you at the WLW in the morning. 
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 
