Trade ideas 4 June 2015

By | June 4, 2015

The following are my views for the day ahead. I check the charts before the London session to get a feel for which direction the market may be moving. I then wait for triggers to setup in my planned direction. I usually don’t take all the trades. 

  1. GBPUSD, daily could be bear candle to ytd low of 1.523. Could also have 2nd leg up to 1.54
  2. EURCAD, likely to break higher 1.4133, but need to have some PB first
  3. EURUSD, looking bullish, but need PB first before break higher to 1.133
  4. USDJPY looks like can break ytd high of 124.7. Probably target resistance of 124.83
  5. USDCAD found support at 1.24 ytd, should find resistance at 1.25, 1.255.
  6. EURJPY found resistance at 140.35, PB is due, but not sure where
  7. GBPJPY, look for bounce off TR support at 189.8 to 190.5
  8. AUDJPY moved enough for the day
  9. AUDUSD moved enough for the day, to bounce up from 0.77 support today or tmr
  10. EURAUD More upside today or tmr expected. But first need to PB

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