Fun With Forex
Equities are doing their thing and I’ve been entertaining myself otherwise. This morning I proposed two speculative entries, one of which may actually turn into something interesting. Let’s take a look:
The symbols were EUR/USD and EUR/CAD – the former dropped lower (much to my joy – see the DX) and the latter is climbing higher. Now this may just be a one day affair but given the formations on the daily and weekly (2nd and 3rd panel) we could be on to something. Which is why I’m converting this into a daily campaign now.
USD/ZAR – I had my eye on this sucker hoping it would push back into that 10.8 zone – wish granted! I’m now short with a stop above 10.84. No long play if I’m stopped out – that 25-week BB is too close for comfort.
Only one setup for the subs tonight BUT it’s a super juicy one – not to be missed! Please step into my lair:
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