My views on future trades, past trades, the market and lessons learnt

Monday, June 01, 2009

Intra-Week Trades

Here are my intra-week trades I will be looking to play this week.

AUD/USD
Looking for 'long' entries @ 0.7900, 0.7850, 0.7800.. depending on Price Action
Targeting 0.8400 area.

EUR/USD
Looking for 'long' entries @ 1.4000 or 1.4050
Targeting 1.4350 area.

USD/JPY
Staying out although shorts are in favour. As I called last week we failed to break above the 'Daily 100EMA' where I took profits from my long trade. Price Action now indicates downward movements, however there is too much congestion.

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