Watchlist for Sunday, September 27, 2009
Here’s the watchlist:
| Pair | Daily | 4h | 1h |
| CADJPY | Price is flirting with a trigger on the Daily Double top. If it stays w/ the current downtrend it is time for a pullback w/ a bounce off of a trendline. | Broke below its 800 consolidation area, but I missed it. Will watch for a retest of that area and/or fresh break. | Over 3x extended from the 800 consolidation area and divergent. Pullback seems imminent |
| EURJPY | Still tightening up | Still wrapping around 800sma | Broke away from 800sma but movement seems muddy. Divergent at the moment |
| EURUSD | Will it retrace to the TL by going sideways or will it make a quick dump? | Making a H/S. Irregular consolidation make the trend look tired. | Trying to make it down to the 800sma (which lines up nicely w/ the TL at the moment)? |
| GBPCHF | Still no major retracement, yikes! | Most recent retracement level is at 1.6684, but still keeping 1.6980 in mind | Long above 1.65, shor t below 1.6375 |
| GBPJPY | Almost hit the old important level at 140.40, without retracement to the long side. | Could use a nearer retracement level of 146.40, but the 148 level seems more stable. | Triple divergent, may need to wait for a bounce off of 140.40 to consider long though. |
| GBPUSD | Stuck…if it has chosen the TL for a downtrend, however, it seem possible it’s time for a pullback. | Nearly hit the 800sma | Tightening up? Will it consolidate long enough for the 4h 800 to catch up? Long above 1.6040, short below 1.5930 |
| NZDUSD | Nearly hit retracement level at .7100, time for consolidation? | First wild swing, watch for tightening? | Seems to be wrapping around .7150ish. Long above .72, short below .71 |
| USDCAD | Still consolidating | Hanging out in the middle of the larger consolidation area. Dangerous place to be. | Wrapping up around the 800sma, but any breakout makes me nervous based on the middle ground the 4h has chosen. Range is 1.0935 to 1.0830 in my mind. |
| USDCHF | Hanging out in Spring ’08 territory and showing some uncertainty | Tightening up in a range or bouncing off the top of a new TL? | 800 on the 4h and the 1h is above price at the moment… with irregular consolidation patterns could it be time to head back home? |
| USDJPY | Price is back at the Daily TL | Nothing clear. | 800 on the 4h and the 1h is above price at the moment… with irregular consolidation patterns could it be time to head back home? |
I’m especially interested in any pair that made major moves without retracement…seems like some great counter-trend trade setups.
Here’s the downloadable version.
Be good to you!
Triffany
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 
