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**UPDATE 2/14/10 - 10:32pm CST** The AUDUSD and NZDUSD have already paid out and AUDJPY is in profits as I type this. Lock in if you can. With tomorrow being President's Day, the mkt is likely to be very slow so trade with caution.
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So as I'm looking over the charts I've written down some trades that I'll be entering provided the conditions are all a go when they happen.
GBPUSD - Since the day candle is above the red river line and as long as the ROI is growing at the time the 2hr ROI x up signal goes off, that will be one entry. I will also be trading the 4hr trendwall breach if we have ROI agreement.
EURUSD - We hit new lows on Friday. I expect a bounce very soon, which combined with a 4hr trendwall breach may take us back up to FS3. That has served as a great point of resistance.
USDJPY - We may have a possible entry when the 2hr ROI x down with this pair. We have a day BB but I don't like how the mkt is above the day red river. I may just WW this one.
AUDUSD - I like how the mkt is well above the day red river and if we have ROI in agreement, I'll trade the 2hr x up. The same goes for AUDJPY. The thing to watch with these two pairs as they are commodity based is they sometimes don't move in sync with what the rest of the mkt is doing.
Stay safe and let's make this a great trading week!
Patrick Williams
