Sunday, 20 February 2011

Trading ideas for week 21st of February

I'm looking at charts, cannot really spot any instant entries. I'm just going to post some ideas and references.

On weekly chart, GBP/JPY looks bullish but trading in a range whole year. This could be a surprise box.

Daily chart is showing some exchaustion in the momentum, trading at the top of bollinger bands, with bearish divergence on oscillator.

Also 4h chart is showing me that I should try short, at market, with stop above previous highs and targeting 133,05.

EUR/USD and EUR/CAD have almost reached their daily R3 on Friday, and think they could exhaust a bit and move down to pivot points.

That's it for now! If I see anything new, I'll let you know!

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