Saturday, February 4th, 2012

Watchlist for Tuesday, September 29, 2009

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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. Retesting the bottom of the larger 800consolidation area? Range is now 83.25 to 82.40.  I’ll watch for a long above the top, and short below the bottom
EURJPY Still tightening up Still wrapping around 800sma.  Tried to break away, but couldn’t hold on. Long above 131.70, short below 130.65
EURUSD Will it retrace to the TL by going sideways or will it make a quick dump? Major retracement almost complete.  Time for either one more push or further consolidation. Expecting some consolidation around 1.4520
GBPCHF Still no major retracement, yikes! Reversal triggered (thank goodness for pending orders) Still more room to the long, I think , but will have to wait for a clear signal, without a retracement or consolidation, R:R is off right now.
GBPJPY Almost hit the old important level at 140.40, without retracement to the long side. Reversal triggered. Ascending triangle triggered and retraced overnight.  Long until 146.30, but think it can go as high as 148ish.
GBPUSD Stuck…if it has chosen the TL for a downtrend, however, it seems possible it’s time for a pullback. Consolidating around the 800sma Ascending triangle triggered and retraced overnight.  Long has been triggered and I think it can get to 1.6135 fairly easily.
NZDUSD Nearly hit retracement level at .7100, time for consolidation? First wild swing, watch for tightening? Long above 7226, short below 7100
USDCAD Still consolidating Hanging out in the middle of the larger consolidation area.  Dangerous place to be. Widened its 800 consolidate area with these last couple swings.  Long above 1.0985, short below 1.0790
USDCHF Hanging out in Spring ’08 territory and showing some uncertainty Clean bounce, time for a small retrace? Buying candles are losing some steam, but it looks like it is headed back to the 800sma, I’ll have to wait for a retracement.
USDJPY Price is back at the Daily TL Nothing clear. Looks to be ready to climb, finally.

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Sunday’s list worked out GREAT!!  I hope you all took advantage.  :D

Let me know what you’re watching and why.

Be good to you!
Triffany

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