Watchlist for September 25, 2009
| Pair | Daily | 4h | 1h |
| CADJPY | Enormous triangle | Odd consolidation area, but seems to be tightening up fine. | Long above 87.54, short below 87.20 |
| EURJPY | Price is toying w/ the top of the muddy area | Major climbs w/o retracements. Could make 137 and 136 targets to watch for counter trend | All those tiny little candles makes finding a counter trend entry point difficult for me. Maybe it will look better if it makes a Sunday consolidation area. |
| EURUSD | Steadily climbing but divergent, time for a pullback? | Consolidation area between 1.5045 and 1.4965, but the trend-side of things looks tired. I’ll be watching for one more pop up and then a counter trend trade. | I’m still long, but w/ a tightened stop… this baby’s looking tired. |
| GBPCHF | Stuck between 1.6684 and 1.6240 | Severe bounce off of 1.6684 happened so fast a correction seems likely. Long above 1.6684 seems like a great trade to at least 1.6980, if not 1.7415 | Looks like a tighter consolidation might be likely between 1.6530 and 1.6412… could get a better entry on the 4h long here. |
| GBPJPY | Skirting around the neckline of the double top, but still hasn’t retraced to 144, that could be important if this loses steam to the long side. | At the 800sma, will give it time to consolidate | Hidden bullish divergence and it did come back to an old trendline, could be looking for a bounce, especially as a correction to the sharp move on Friday. |
| GBPUSD | Friday’s bear candle created a lower high, is this sticking to a downtrend rather than a consolidation? | Friday’s move made some weird price action…obviously a bounce or a break of 1.63 is important, but to where? | Complete retracement to the 800sma consolidation level. Looks like it is ready to bounce long to me…but anything can happen on Sunday…I’ll wait until Monday to make a plan for this one. |
| NZDUSD | Upside is looking pretty tired w/ undecided candles and a tightening macd | head and shoulders? | Long above .76, short below .75 |
| USDCAD | It did retrace to the bottom of the 800 consolidation area. CAD looks ready to strengthen again | Headed back to the 800sma? Looks like it made its first attempt…time for a pause or pullback | Ascending triangle near the 800sma, that last push up could be the spike before the drop….have to wait for a good setup on this one. |
| USDCHF | Downtrend is looking tired. | Time for a first attempt back to the 800sma? | Looks like it may need to tighten a bit more before breaking, but I like the long on this one. |
| USDJPY | Price is at the bottom of a muddy area right now | Headed to the 800sma? | Hasn’t hit the first 200% extension level off of the 800sma breakout yet. |
I kind of have a ‘wait and see’ attitude on a lot of these, but I think by Monday we’ll see some better signs from the market setting up.
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 
