Potential Trade Setup - AUDUSD & NZDCHF - Update

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Potential Trade Setup - AUDUSD & NZDCHF

I see possible short trades in the AU & NCH. Divergence on the H1 with potential bullish slingshot for retest of previous high, and it is the failure of these moves that I want to be positioned to sell as you will also find bearish slingshots forming on the M15 charts and hinting of that possible failure.

Similar patterns are also developing on the NZDUSD & AUDCHF.

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EURO REVERSAL TRADE

Took this Euro reversal trade after seeing a failed slingshot (SS) on the H1 chart supported by bearish divergence on the M15 chart. Trade already up 34.2 pips with 20.8 locked in and therefore in a free trade; PT1 @ 4464 (38.2% FR of last move) PT2 @ 4438 (50% FR) & PT3 4327 (the prior low of 8/26/2011).

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USDCAD Trade

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GBPJPY. CADJPY, AUDJPY & GBPUSD Potential Trade Update

See update of potential trades posted over the week-end - GBPJPY moved 100+ pips, CADJPY 70+ pips, AUDJPY 80+ pips and GBPUSD moved only 50+ pips.

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Possible Trade Setup - GU

Another possible hidden bullish divergence in the Cable

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Possible Trade Setup

Potential hidden bullish divergence in GBPJPY, CADJPY and AUDJPY.

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AUDCHF Short Trade

Quick 76 pips in 25 minutes

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Possible Reversal Trade in the CHF Related Pairs

The CHF pairs sold off heavily yesterday but something interesting is happening this morning on all the related pairs without exception - divergence!!! I am posting a sample of the GBPCHF as this was the pair that moved the most and may be the one to give back the most in case of a reversal. I will be prepared to sell any upside failure.

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AUDCHF Long Trade Update

About 200 pips since my alert

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AUDCHF Long Trade

Slow start to the Lndn session - took a quick long trade in the ACH being the best combination on the CSM but spread is high.

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Possible Trade Setup in EURX

There is a potential reversal long setup on the EURX above 107.45 although I already entered early and in a free trade with stop moved to BE plus 7 pips

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EA Trade Update - PT Hit

Just woke up to find the profit target hit :-) and price has since reversed!!

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EA Trade Update

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EA Trade Update

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Possible Trade Setup in EA

There may be possible short trade on the EA - (a) bearish divergence & (b) unfilled gap around 3672-3715. Potential gain is 100+ pips. I will consider a short trade on failure of previous swing high if supported by the CSM.

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Possible Trade Setup in GJ & NCA

I see possible hidden bullish divergence on the GJ and NCA but will be extremely careful trading the next few days due to the downgrade of the US credit rating by S & P. The downgrade was not unexpected and may have been factored into market price but you never know - just my 2 cents :-)

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Possible Trade Setup

Kiwi Trade I took this AM

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Possible Trade Setup

Played a quick one to exploit the Asian open gap trade combined with the bearish M formation/pattern

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Possible Trade Setup - Update

The EJ & GJ trades identified over the week-end move over 150 & 200 pips respectively, and currently 100+ pips

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