Tuesday 15 September 2009

Messge 55

A few charts to show what set ups I'm looking at...

AUS / USD - a nice consolidation zone to trade within, I'd prefer a long from the blue support line.


EUR / GBP - trend is down on the daily and on the 3H you can see price is in consolidation mode, hence was looking for a sell, but GBP strengthened overnight.



EUR / USD - Notice how price hasn't closed above the fib resistance line and is being held by the trendline. Looking for a short depending on reaction at London open and also weary of potential volatility due to news events today.