Just a quick update. First, with respect to the NZDUSD and AUDUSD long play which I took through NZDUSD, I booked the move this morning per the twitter updates. Twas a nice run to the middle of the chart. Here is the updated chart:
Per the tweet yesterday, AUDCAD reversed at resistance and the long setup is off with the recross of the DMI. I am not interested in this setup now unless we get constructive break of the resistance line. I have been monitoring a EURCAD short the past couple days, but have not taken action. Here is AUDCAD the chart:
As for Gold, it remains at big support unless that support falls. Here is the Chart:
As for equities they are completely tracking the anticipated move of at least a test of the 50 day moving average. Here is the updated chart:
And lastly, in the past two days we had an inside bollinger band turn trade setup on NZDJPY with an initial target of the 50 DMA. This is also a potential double top area on the weekly chart and it may not stop at the 50 DMA. I have been monitoring a potential EURJPY short opportunity, but have not taken action. Though leery of messing with top picking the yen pairs, I am in this NZDJPY bollinger setup and tracking it for the next few days. I am using small charts for entry for now given the yen weakeness and trend. Here is the small chart:
There is always a bull path and a bear path and we cannot know which path our time will choose to take. As always, due your own due diligence, read the disclaimer, and make your own decisions.