Wednesday, April 2, 2008

What I'm Watching for Wednesday

I am looking to get back into the trend on either the eur/usd or usd/jpy. That means I need to see a good pullbuck and a turnaround. There needs to be plenty of room left for the currency to move a hundred pips before it gets stopped by support or resistance, respectively. The gbp/jpy is also a possible long play and the eur/cad is a possible short play. You never know, but I don't expect to get into a trade late in the european session or sometimes in the american session.

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