Watchlist for Tuesday, November 10, 2009
| Pair | Daily | 4h | 1h |
| CADJPY | Retesting the bottom of the triangle | Consolidating around the 800sma, w/ a potential inverted head and shoulders. | Long above 85.35, short below 84.50 |
| EURJPY | Beautiful ascending triangle. | Consolidating around the 800sma and it seems likely that it will tighten up between 135.15 and 132.80 | Long on a bounce off of the 1h TL or short below 134.50 |
| EURUSD | Has retested old price pattern and consolidated | 1.4815 is the level to watch, for me. | 1.50-1.4965 |
| GBPCHF | Larger tightening up area? | Range seems to be 1.6930 to 1.6685 | Tighter range has a bottom of 1.68 |
| GBPJPY | Tightening up still | Looks like a wedge is spring loading for a long | Still tightening. |
| GBPUSD | Sitting on that all important level at 1.6570 | Broke out of the triangle to the long side, and may retest first. | Beautiful pullback to the 1h trendline. I’ll take a bounce long or a break short |
| NZDUSD | Retested the trendline and looks ready to climb again | Ascending triangle forming | .7458 – .7368, I still like the long overall, but it now has a gap to fill and would be happy w/ an interim short |
| USDCAD | Forming an upside down head and shoulders? 1.0612 looks important | Still hasn’t hit the 800sma | Doing something goofy around the 800sma |
| USDCHF | Tightening up | Bottom of the range held at 1.0145 | 1.01-1.006 |
| USDJPY | Yuck | Yuck | 90.15 – 89.75 |
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I hope you’re well and happy today! 
Be good to you.
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 
Triffany,
Regarding your comment on the eur/jpy, can you clarify the long. The bounce on the 1 hr TL will place it below 134.50 where you placed a short signal. I am guessing that you meant to short on a close below 134.50 but also below the TL but not sure.
Thanks,
Al
You mean someone actually reads my watchlist?! YEA!!
Here’s a screenshot: http://screencast.com/t/ZTFhMTkzZm
You can see the trendline that was drawn from the 4h chart and the range I’m watching here.
And yes, that would be a close below the TL and the horizontal level that I’m watching for. Didn’t like last hour’s because the recent movements feel impulsive.
Does that make more sense?
Are you kidding… not only do I read them, I also print them out and have them on my trading desk!
It’s funny… The TL I have starts with a candle that went much further down than yours so it turns out to be going up on a greater incline. Either way, I don’t trust TLs too much. I have become a much stronger believer in S/R levels. I thought for sure the nice break above 135 this morning was going to carry through but it turned out to be a head fake, especially when looking at in the 4hr.
Anyways thanks for the clarification.
Al
Eur/Usd Daily:
FYI ;o) Has been in a strong upward channel .. however an interesting head and shoulders is possibly forming with a nice profit target. If this trade does go the way I hope it does it may even return to the 800. I have included a chart here for you … Triffany would love your comments this may be what you are waiting for as well with a drop below 1.4815 http://www.screencast.com/t/NGQ1ZThhY2Y
Yes, George, I’m definitely watching for that kind of action. Especially since it is at the psychological 1.50. But I haven’t ruled out the long yet either. I just won’t take a break, I’d wait for a bounce.