Well the content of my last update pretty much sums up the state of affairs in my current existence. I forgot to explain my selling bias! Everything is a rush right now. I have decided that the only way that I can continue with this blog is if I simply update quickly when I have a trading idea and for the moment forget about charts etc. On that note I can see a decent set up in GBPAUD buying ahead of 2.0300 for 2.2825 potentially with a stop and reverse under 2.0230 (the recent low), with projected traget in the low 1.9000's.
NZDUSD looks good for the .5300 region. I see a little more strength left in Aussie (AUDUSD), but a pull back is imminent. Given that AUDNZD is trading in a rising channel it would seem likely as things stand to expect a less severe pullback in Ausie perhaps to the .6900 region.
GBPCHF looks very solid and has a lot of upside and EURGBP looks set to revisit .8233. EURCHF is likely to rise but still has the potential to dip down to 1.4900/1.5000, but never-the-less medium term bias is definitely higher.
Will try and post some trade recs next time. I will aslo try and set up an e-mail address so that other serious traders can contact me should they wish to.
All the best and happy trading.
Thursday, 16 April 2009
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Very good. The comment helps to guide through complex trading market.
ReplyDeleteWell written and nicely explained.
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