Cyclopip

If you’ve been keeping track of my Weekly Watch blog posts, you’d probably know that I’ve had my one good eye locked on this Guppy triangle for the past few weeks. Here are the entry levels I’m going for.

European currencies seem to be bogged down by debt troubles, political risks, and downbeat data these days, and here are the trade setups I’m keeping my one good eye on this week. Check ’em out!

I’ve rolled my stop much lower to lock in a few more pips on this EUR/AUD trade, but I’m also seeing a bit of a correction. Do you think I should add to my position or just let it ride?

Remember that AUD/CHF long-term rising wedge pattern I was looking at a week ago? Price is already breaking higher so I decided to hop in a small position at market.

Woohoo! This short play is finally showin’ me some love, as price gained further bearish momentum and is closing in on my first profit target. Time to press my advantage?

I’m seeing a couple of chart formations and a classic break-and-retest setup on EUR/JPY, EUR/GBP, and GBP/JPY that could be in play with this week’s set of market catalysts. Take a look!

Sterling has been putting up a strong fight these days, thanks to rate hike hints from a BOE official. On the flip side, the Loonie is under pressure from rising oil stockpiles and a potential U.S. border tax on Canadian imports.

I’ve taken a particular interest on the Swiss franc these days since a national referendum on tax reform will be held in Switzerland this month, and I’m hoping to catch a breakout on AUD/CHF.

Reversal alert! I’m seeing short-term turnaround signals on the 1-hour charts of EUR/JPY, EUR/GBP, and GBP/JPY. Think we’ll see any breakouts this time?

I seem to have gotten stopped out on a quick pullback for this one, but all is well since my adjustments allowed me to lock in decent gains on this short trade. Take a look!