Trades Feb 16

AUD/USD

Long Short Line 0.7707

Most important 0.7621 and 0.7568

Bottom. 0.7668 achieves by 0.7686 and 0.7677

Upper target 0.7721, Caution Overbought

Longs not recommended

0.7621 = Channel bottom, means break lower targets 0.7568

Target off by 1 pip.

 
USD/JPY

Long Short Line 113.91

Most Important 113.76 and 112.79

Bottom. 113.33 achieves by 113.61 and 113.47

Upper target 114.42

Continuation / Failure Point 114.18, and 113.76 = bottom channel, break lower targets 112.79

Trend Up

USD/JPY hit my point 113.47 then bounced

 

NZD/USD

Long Short Line 0.7224

Most important 0.7199, 0.7182 and 0.7124

Bottom. 0.7187 achieves by 0.7205 and 0.7196

Upper target 0.7241

Bottom channel 0.7213, means break targets cluster supports at 0.7199

Trend overall down

NZD Target off by 5 pips

 

EUR/USD

Long Short Line 1.0616

Most important 1.0669 and 1.0723

Bottom. 1.0562 achieves by 1.0589 and 1.0575

Upper target 1.0649

Continuation/ Failure Point 1.0643, Upper channel = 1.0639, break targets higher

Caution 1.0639 and above,

Trend down

EUR Target off by 6 pips.

 
EUR/JPY

Long Short Line 120.92

Most important 120.27 and 119.92

Bottom. 120.31 achieves by 120.62 and 120.46

Upper target 121.49

Continuation/ Failure Point 121.23

Trend up

Day 2, Screwy price movements

 
GBP/USD

Long Short Line 1.2467

Most important 1.2416 and 1.2537

Bottom. 1.2404 achieves by 1.2435 and 1.2419

Upper target 1.2518

1.2437 = Bottom channel, 1.2536 = Uptrend channel

Trend down, confused currency pair

GBP Target off by 5 pips.

 

GBP/JPY

Long Short line 141.99

Most important 140.23 and 140.05

Bottom. 141.28 achieves by 141.63 and 141.45

Upper target 142.54

Continuation/ Failure Point 142.37, Bottom Channel 141.61, Break lower targets 140.23

Trend up

Target hit fail point

 

Brian Twomey, Inside the Currency Market, btwomey.com

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