FX Science Theater 3000

Nice moves in Forex today – and it’s time for another FX Setup Roll Call:

Let’s get to it – there is coin to be banked:
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This bitch stopped me out in what was one massive short squeeze. I wasn’t kidding by pointing out that FX moves can be quite violent and push way past what was thought to be reasonable resistance. Well, if first you don’t exceed – try try again. Of course not blindly – we are stainless steel rats! This time I’ll wait for an inside candle first, then I get positioned at the breach of its high or low. Basic Convict Scott play – you know the drill.

Same game on the USD/JPY – less violent move here but once they’re done squeezing the shorts it should be a fun reversal play.

Yes, you guessed it – same play on AUD/JPY – but give ‘er time.

I’m seeing a juicy long trade here as soon as the USD/CAD touches 0.96. Less volatile pair, so this may be the safest trade in this list.

Didn’t find anything else worth posting – so that will be it for today.

Cheers,

Mole