Forex ideas

also covered my EUR.GBP @ 0.792

dont really want to hold anything into weekend.

if we have a rally in eur.gbp over the next week ill be looking to short it again at around 0.804 and then hold for a few weeks.

i just feel eur is going to get hammered vs gbp and chf. technically it just seems very weak. i dont follow any fundamentals.
 
Hi all

I don’t find much interesting ideas for Monday. Most charts are extended and I will look for smaller time frames for setups. Those who know me, they know that I’m not fun of scalp trades, so if there won’t be charts what I like to see I will wait.

EURGBP

After broke up from weekly base e can see fast back up in to the range area. I will follow 60 min consolidation (like to see longer rest period, maybe to 20sma resistance area). Equal move is also daily support area and I will use it for target area. All depend on breakdown pace.

http://tinyurl.com/5chybj

USDCAD

USDCAD idea is even faster. I will follow for 15 min bear flag. It will be classic move-rest-move action. It is uptrend chart on the daily time frame with slightly higher high and strong reversal at Friday. For bigger move I like to see consolidation on the bigger time frame and for now I don’t see it so I will follow 15 min pattern for short possibility.

http://tinyurl.com/5gnlxw


If anyone will have any question feel free to contact me

Good trading!!!
Ivica
 
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