Saturday, May 19th, 2012

WL Updates

1

Here’s what I’m watching:

The EURUSD looks like it is done with its pullback and has given me a new area of indecision, where it will decide whether it is bouncing off of the 4h TL or breaking through it and playing out the Daily double bottom.  1.37 – 1.3635

The GBPJPY and GBPUSD are behaving similarly as I still wait for either a break above horizontal resistance for a long (141.30/1.5723) or the TL for a short.

USDCAD looks strong to the CAD side and I’ve entered a short position with my first PT @1.0366, I’m watching the 1.0310 longer term.  Current SL is at 1.0510

That’s it for me today.  What are you watching/trading?

Comments

One Response to “WL Updates”
  1. JerryN says:

    Triff, I was long gbpjpy with tight stop… was stopped out.

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