Short order @1.3760 for EUR/USD, SL - 1.3820, TP - 1.3630. I hope the FOMC meeting announcement today helps the EUR/USD to spike up to that level. The hourly support trend line has been broken setting a short opportunity.
The Dow having touch 12000 and so overbought on the weekly and daily time frames is inviting bears.

I hv n long EURUSD the whole week, I am waiting too see how it reacts to 1.37's esp 1.3740 a major resistance

AUDUSD Im waching for a bear signal to set-up

AUDCAD, SHORT @0.9903 TP 0.9820 SL 0.9960

funny enough usd/cad and usd/chf are both forming a descending wedges !!!! it a very bullish pattern ........it all depends w/ the us gdp number on friday....

@ fxtech . lookin at your 4hr chart . aud/usd is in a bear flag.it very clear have a look...u have to love the way it nicely collerated to the euro. wait for a breakout or u'll be whipped sawd.

US GDP risk event is now out of the way. Still holding the 2 EUR/USD positions activated yesterday @1.3760 (previous short order). TP still remains 1.3630 for position one. TP2 for position 2 will be determined next week.

The NASDAQ short is working out slowly. Added Dow short at 11970; with the 12000 target achieved and exceeded with overbought weekly and daily RSI, this one has some room to correct. Currently the targets are open for the two US market shorts, but will review next week. This also means bad news for aussie and euro bulls with the current stocks correction.

I'm waiting for USD/CHF to break above 0.9470, then I can go long. USD/JPY is a bit messy. I'll avoid it for the time being. Next week I'll be looking at aussie pairs for trade ideas apart from AUD/NZD.

u still have a chance to get in on this trade !!!!!! eur/chf lookin nice for a nice down move....i entered late but i am in money....Look at the chart for friday's close.and remember to look for a good entry place on lower time frames.

http://www.actionforex.c...forexcom/2011012881.gif



if that eur/chf set-up isnt enough . how about the impending breakout of aud/usd on the four hr chart. u know hw triangle set-ups are volatile.Look at the chart . it's just a matter of time before we brakout.Maybe after non-farm payrol on tuseday .
Here's the chart ( fridays close)

http://www.actionforex.c.../forexcom/2011012871.gif

CAD/JPY, buy order placed @ 82.20, TP 82.90, SL 81.80. Rsn. stochastic turning from oversold, bounce on the 4 hr rising channel, also good gdp figures for nov released yesterday, a good boost for the loonie.

@ Ceinz . YOU MUST BE JOKIN . BUYIN CAD !!!!!!!!!!!!!! can you cancel that order and save your money !!!!!!!

the pair just broke and closed below 100 ma ( very very very IMPORTANT moving average) and also closed below the rising trendline extending since 21 October. ...

i hope i didnt tell you tooo late but close the order !!!!!!!!!!

EUR/USD position 2 closed at breakeven. AUDUSD SL hit for a 36pip loss. So what is the euro bull story today -> EU aid (EFSF) fund may be authorized to buy new bonds from governments! How this is viewed as bullish by the markets is quite interesting and the EUR/USD continues to push towards 1.40..? I'm sidelined on the EUR/USD for now, this is madness with the all the debt issues being monetized... Euro stocks all up. And so does the Dow and S&P also up to levels last seen in June 2008 and Sept 2008... The weekly candle sticks are turning bearish plus overbought RSI, but the markets just won't give up that easily... This looks like a classic blow off before a correction. Dow short revised with SL at 12100 and NASDAQ SL @2375. I will not fight with this irrationality...

With USD/CHF having broken below 0.9350, the $ should continue down south for a while.

I'm still looking for aussie shorts and AUD/USD now above 1.01 is looking interesting again.

qw, reviewing my cancelled trade, well cad actually did turn around and looking at the charts my entry could have been triggered and i could have now be in the money. Thanks for the 'warning' though. still lots of opportunities to catch.

@Ceinz. I was basing my tip on Ichimoku crossing over. Has not happened yet so Im waiting. However be careful to use the term oversold with this one. Things still look very bearish.