Tuesday, 16 June 2009

Daily Report Tuesday 16th June 2009

This week has so far seen more of the recent choppy action; so I am continuing to mostly look at the daily charts for inspiration. I am short USD/JPY after the last weekly 'hanging man' candle broke downwards, looking to get long GBP/USD and long Gold (which is a currency for some!), if they can break above today's highs. The other daily charts are a mess, the EUR/USD chart being a good example.

The AUD/USD hourly chart is maybe worth keeping an eye out - if it's testing the bottom of a triangle, then a reversal pattern on a lower timeframe (1 hour, 5 minute) might be good for a few hundred pips, with a tight stop.

USD/JPY:


GBP/USD:


Gold:


EUR/USD (a mess):


AUD/USD (hourly, worth keeping an eye out for a bullish reversal pattern sometime this week):

No comments:

Post a Comment