Good afternoon all...
Not long till we bowl all these kiwi's out in teh Test match!!!
As you know its a messy period and a lot of indecision in these currencies. Take it day by day until we get a clearer picture for longer term plays. Gold was the call of the day…What a trade!!!
GBPJPY - After breaking support line on 60min chart, the 15 min gave the perfect entry point on a short trade…The red heiken ashi candle takes u in and gets u out.
EURJPY - The box strategy works well here with 50ma on 60min as a resistance…Look how the 15min gives u exact entry point on break of support. Red heiken ashi as well…
EURCHF - All these swiss’ currencies looked similar…The EURCHF broke support on 60min and the 15min gave us an entry on break of 60min 50MA on 15 min chart…The Blue line… Take a look at how it bounced off daily 200ma. The21 CCI gave us entry and the 10CCI on an exit… The 21CCI then gave us a perfect entry for a revers play..Always look at the 21CCI for entry…Vvvv helpful…
GOLD - This was called perfectly today…. I had my reservations but look how the 20ma held firm on the 60min chart. The 50ma was crossing back for a golden cross and a perfect break of the triangle for a long trade…
I'm finished for the week... Phew...Off for a swim with my little girl..
Have a great weekend..
I will post strategy if i get a chance this weekend.
Take care
Dan007
