Week ahead – NZDUSD, USDCHF, USDCAD and more
My interests from last week still preserve. I am still interested in shorting the EURUSD at 1,40. Scalping it straight away and if the level holds building bit robust position with approx. 300pips objective. The situation is still messy, weekend meetings in Brussels have come up with yet another meetings during the week so market might act again like a oversensitive baby.
Apart from my short and long term interest in EURO I am also watching these pairs: NZDUSD (for reaction around 8100 and possible FADE), USDCAD (and it's reaction around magical number 0000 – FADE again) & little far away for USDCHF channel play. On both EURUSD and USDCAD I would play shorter term reaction trade as well as once the level is confirmed a bit more robust play with 300pips objectives. At the moment I do not have any positions in. I think we can expect some downward gaps which might present a good short term opportunity.Good luck and have great trading week.
therealbiobot
October 23, 2011 at 5:17 pm<html><body bgcolor="#FFFFFF"><div>Great post. I am with you on EUR/USD short but I would wait a little until after mkt opens today to see sentiment. But at 140 it’s clearly a sell. </div><div><br></div><div>I have to look at the others. I keep losing on USD/CAD. Although the Aussie and yen, both vs USD, were good to me last wk. When EUR moves either way I also like to play the crosses, esp. JPY</div><div><br></div><div> Thank you for your calls though they all sound good. I am going to did through some of your previous calls to see if or how you play AUD and JPY. </div><div><br></div><div>TC<br><br></div></body></html>
lechiffre
October 26, 2011 at 9:05 amSure, right now EURUSD is in a chop chop range awaiting the news from today’s EU SUMMIT. Rest of calls played decently well. Hope you were able to squeeze some pips ;-).