Watchlist for Sunday, January 31st, 2010
| Pair | Daily | 4h | 1h |
| CADJPY | Consolidation along the midrange and the TLs makes me biased to the long side. | 85.43 – 83.75 | Sunday’s action might give me a tighter area of indecision to base my decisions on. |
| EURJPY | Broke some major support and is now in large muddy area | 3 times overextended and consolidating. Time for its first run back toward the 800sma? | 126.45 – 125.13 |
| EURUSD | Didn’t give much of a consolidation around the 800sma and is now divergent | Hit the 200% Fib level and never retested at 1.4250 or 1.4012 | I wouldn’t trust a short position until I saw a bounce off of at least the 1.3930 mark. |
| GBPCHF | Consolidating up against resistance with a strong rejection past 1.7020ish | Double top against the 800sma? | H/S played out and has retested the shoulder. This pair is feeling pretty bearish to me. |
| GBPJPY | Yuck….maybe making a new higher low and ready for a bounce? | 146.20 – 144 | Divergent while still w/in its range around the 800sma. Could be a signal for a bounce to the long side. |
| GBPUSD | Definitely played out the bounce against the TL as resistance. But it’s in muddy territory now and I don’t trust it. | Moved away from its consolidation area and didn’t look back. 1.6080 hasn’t been retested | Lost some momentum and is now divergent. Bounce off of 1.5970 or so could be significant. |
| NZDUSD | Nudging back toward the 800sma but not with a lot of oomph. | Last candle of Friday’s action shows conviction to the short side, but feels impulsive to me. | More nudging. I’ll wait for the next area of indecision before I start looking for a trade. |
| USDCAD | Mack to the midpoint of the previous range | Last action on Friday tried to break out of the 800sma. | Not sure…could this be typical fake out action before the move? This pair likes to do that. |
| USDCHF | Finally broke away for its 2nd attempt at the 800sma | Wouldn’t be surprised if this bounced around inside the range of that long wick before it broke long again | Undecided candles….will let a an AOI develop before I get too excited. |
| USDJPY | Upside down H/S? | Another upside down H/S…this one tried to trigger and then retested the neckline…bounce back away from the 90.40 area could be a great long opportunity | That pull back looks like profit taking by the bulls…I’m preparing for another long opportunity. If I’m wrong, I’d be willing to take a close below 89.80 for the short. |
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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 
Hi Triffany,
I am back to forex trading after a gap of almost 4 months. I am happy to be here on your blog to learn and share trading ideas.
Thanks for sharing your trading ideas.
Regards,
Mohan
is there supposed to be a new link for feb ?