Tuesday FX Followup

Related Post: Weekly Forecast: http://ayumi216.blogspot.com/2010/08/weekly-forecast_23.html

EUR/USD

My order is filled,
Long 1.2685, SL1.2655 (-30), TG 1.2900
The market has moved in favour during the day, however resisted at 1.2720, at last EUR/USD has break support 1.2655 and continue to go down.

My stop loss is triggered.
I am going to look for opportunity to Long for reversal when market falls to 1.2550.


GBP/USD

Market did go up to high 1.5620 as forecast, my shorts at 1.5650 is not filled, and the market has started to fall from here.

I remain my view that this market will come down to 1.5180 in 1-2 weeks.

For Intraday, I will pick short around 1.5550, SL 1.5580, TG 1.5430 (current support), TG2: 1.5395.


AUD/USD

The most beautiful forecast is on AUD/USD.

Remember my trading Plan:

My Trading Plan for next week is:
1. to hunt for short around 0.8960-9000 with SL slightly above 0.9020.
2. It current resistance level 0.9020 has been taken out convincingly, I would wait for market to come to 0.9050 before I initiate any trades.

Market has come up to 0.8981 but didn't hit SL.
it is currently trading at 0.8870, congratulates to those who followed!

Today, I suspect AUD/USD will re-test the low of 0.8840, if market happen to rebound from here, my trading plan will be:
1. To wait for the market to rebound up to 0.8950 for new short entry.

Related Post: Weekly Forecast: http://ayumi216.blogspot.com/2010/08/weekly-forecast_23.html