South Winds, Red Skies & Clouds in the West
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AUDJPY turned bearish 7 hours ago, but at 87.02, the structural pressure on it to turn north will increase with every pip to the south, so there is no way I would enter a short position at this level.
AUDUSD turned bearish 14 hours ago, but due to structural support, I am currently in a long position with my take-profit target set at 0.7637.
GBPJPY turned bearish about 5 hours ago, when it dropped below 150.10.
GBPUSD turned bearish when it dropped below 1.3161, but presently looks like it might be attempting to resume a bullish attitude, and will succeed if it continues to climb above 1.3143.
EURJPY remains bearish, having become so about 8 hours back.
EURGBP resumed its bearish ways as of about 1 hour ago.
EURUSD turned north approximately 3 hours ago.
USDCAD turned north in a dramatic way about 9 hours ago, so dramatic in fact that I am waiting for the signal to short the pair whenever it’s ready to come back down again.
USDCHF looks bearish, but without a lot of momentum.
USDJPY turned bearish about 90 minutes ago, but at 113.84, is sitting on structural support.
AUDUSD turned bearish 14 hours ago, but due to structural support, I am currently in a long position with my take-profit target set at 0.7637.
GBPJPY turned bearish about 5 hours ago, when it dropped below 150.10.
GBPUSD turned bearish when it dropped below 1.3161, but presently looks like it might be attempting to resume a bullish attitude, and will succeed if it continues to climb above 1.3143.
EURJPY remains bearish, having become so about 8 hours back.
EURGBP resumed its bearish ways as of about 1 hour ago.
EURUSD turned north approximately 3 hours ago.
USDCAD turned north in a dramatic way about 9 hours ago, so dramatic in fact that I am waiting for the signal to short the pair whenever it’s ready to come back down again.
USDCHF looks bearish, but without a lot of momentum.
USDJPY turned bearish about 90 minutes ago, but at 113.84, is sitting on structural support.
At 6:50 p.m. GMT AUDUSD now looks to be pointed in a SHORT-TERM northbound trajectory. (No confirmation of a full-fledged bullish reversal as of yet.)
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The social aspect of this website has essentially run its course for me in that my approach to trading foreign currency pairs online appears to be pretty much established at this point and not subject to modification stemming from interactions with fellow traders.
However, this format is much more conducive to conveniently recording and accessing anecdotal notes than is my own website or blog, so I am inclined to continue using this platform for that purpose. Hence…
AUDJPY looks like it is attempting to adopt a bullish attitude at the end of this week’s trading after having turned bearish 14 hours ago.
AUDUSD has been bearish the last 13 or 14 hours and continues to be so.
GBPJPY has been overall bullish ever since the latter part of Thursday.
GBPUSD is overall bullish, but momentum has been totally exhausted, so watch the pair at the beginning of next week to see if it picks up a second wind or reverses to the south.
EURJPY spent the last eight hours of this week’s trading gradually turning bullish.
EURGBP is bearish overall. If this is going to continue, the present structure is rather well suited for entering a short position.
EURUSD began heading north during the latter half of Tuesday, consolidated on Wednesday before heading north again on Thursday, and consolidated again on Friday before heading north during the last 12 hours of this week’s trading.
USDCAD has been mildly bullish during the last 8 hours of this week’s trading, but might be in the process of reversing its sentiment to bearish at this very moment.
USDCHF has been more or less bullish pretty much over the last 24 hours.
USDJPY is technically bullish, but it might be argued that pair has spent the last day of this week essentially in consolidation.
However, this format is much more conducive to conveniently recording and accessing anecdotal notes than is my own website or blog, so I am inclined to continue using this platform for that purpose. Hence…
AUDJPY looks like it is attempting to adopt a bullish attitude at the end of this week’s trading after having turned bearish 14 hours ago.
AUDUSD has been bearish the last 13 or 14 hours and continues to be so.
GBPJPY has been overall bullish ever since the latter part of Thursday.
GBPUSD is overall bullish, but momentum has been totally exhausted, so watch the pair at the beginning of next week to see if it picks up a second wind or reverses to the south.
EURJPY spent the last eight hours of this week’s trading gradually turning bullish.
EURGBP is bearish overall. If this is going to continue, the present structure is rather well suited for entering a short position.
EURUSD began heading north during the latter half of Tuesday, consolidated on Wednesday before heading north again on Thursday, and consolidated again on Friday before heading north during the last 12 hours of this week’s trading.
USDCAD has been mildly bullish during the last 8 hours of this week’s trading, but might be in the process of reversing its sentiment to bearish at this very moment.
USDCHF has been more or less bullish pretty much over the last 24 hours.
USDJPY is technically bullish, but it might be argued that pair has spent the last day of this week essentially in consolidation.
Next step(s) planned as of Friday’s close…
AUDJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
AUDUSD - enter a short position as soon as price hooks south following a pullback to the north.
EURGBP - enter a short position as soon as you receive confirmation to “pull the trigger.”
EURJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
EURUSD - enter a long position as soon as price hooks north following a pullback to the south.
GBPJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
GBPUSD - enter a long position as soon as you receive confirmation to “pull the trigger.”
USDCAD - enter a long position as soon as you receive confirmation to “pull the trigger.”
USDCHF - enter a long position as soon as price hooks north following a pullback to the south.
USDJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
AUDJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
AUDUSD - enter a short position as soon as price hooks south following a pullback to the north.
EURGBP - enter a short position as soon as you receive confirmation to “pull the trigger.”
EURJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
EURUSD - enter a long position as soon as price hooks north following a pullback to the south.
GBPJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”
GBPUSD - enter a long position as soon as you receive confirmation to “pull the trigger.”
USDCAD - enter a long position as soon as you receive confirmation to “pull the trigger.”
USDCHF - enter a long position as soon as price hooks north following a pullback to the south.
USDJPY - enter a long position as soon as you receive confirmation to “pull the trigger.”