This pair seems to be overbought on the stochastics right around the top of a downward trend. Additionally, it appears to be getting repelled by the cloud. I’m looking for a move at least back down to the weekly pivot. UPDATE: I’m in at 14.55360. UPDATE: Well, my target was hit, but instead of sticking …
Category «Trading»
Trade Setup: USD/JPY Long
With some hidden divergence and a missed pivot I’m looking for this guy to move back up…at least to the downward trendline. UPDATE: I’m in at 101.14. UPDATE: Out at 103.282…I’m going to look for another entry lower.
Trade Setup: NZD/USD Short
If we can remain overbought on the stochastic I’m looking for 0.9523. …seems to be an important trend line. UPDATE: I got in at 0.9524.
Trade Setup: USD/JPY Short
I’m looking to get short in the 107-108 area. This seems to be over bought and the top of a downward sloping channel.