Tuesday, November 22, 2011

The watch list

Only 2 I'm really watching at the moment for possible short.
EUR/JPY any pops to 104.30 range and I'll be looking to short (trade as I see fit when moment comes).
So far momentum is fading, looks like a drop may happen

Also, keeping an eye on EUR/CAD
Weekly trend line around 1.41, if price reaches 1.4070's+ then I'll be looking to short. At this point I'm not getting a strong signal that momentum is fading...slowed but not dropping...so far.

*hanging on to a US/CAD long as 50sma still rising and price keeps bouncing off the line...will it break previous tops upwards? (*1.0410)...we wait

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