Initial Watchlist with various Divergences to keep an eye on
NZDJPY headed south last week across the board as RBNZ Wheeler Jaw boned the Kiwi, We now find a class A Bullish Divergence on the 60 min chart. We will see as the market open if the Kiwi will pull back some. Think there will be many moves in this pair to trade and I will grab what I can both north and south on the chart.
GBPAUD / Short which has a Bearish Divergence on the 240 min chart was a good trade last week on which I have a longer term profit target at 1.82
AUDNZD this one I mainly watch the 100 day Moving Average to see if the Kiwi will pull back (which I more or less expect shortly) and there is a Bearish Divergence on the 240 min chart, however not a really good one.
EURJPY has a class A Bearish Divergence on the 240 min time frame which will be interesting. However, any JPY pair is fun to trade and often offer many trade opportunities either way with its high daily Price Movement Range.
NB. I have spotted what I think might happen on these pairs next week. But I will trade them all on the 15 min TF and short term trades only ( 3-6 hours per pair - per trade in average) where I go for minimum 25 pips per pair - per trade with roughly a 10 pip stop loss. 100 pips per day is the goal on these pairs - Fingers crossed it will be an awesome week. Happy trading
GBPAUD / Short which has a Bearish Divergence on the 240 min chart was a good trade last week on which I have a longer term profit target at 1.82
AUDNZD this one I mainly watch the 100 day Moving Average to see if the Kiwi will pull back (which I more or less expect shortly) and there is a Bearish Divergence on the 240 min chart, however not a really good one.
EURJPY has a class A Bearish Divergence on the 240 min time frame which will be interesting. However, any JPY pair is fun to trade and often offer many trade opportunities either way with its high daily Price Movement Range.
NB. I have spotted what I think might happen on these pairs next week. But I will trade them all on the 15 min TF and short term trades only ( 3-6 hours per pair - per trade in average) where I go for minimum 25 pips per pair - per trade with roughly a 10 pip stop loss. 100 pips per day is the goal on these pairs - Fingers crossed it will be an awesome week. Happy trading