Trading Opportunities Abound!

Tonight is one of those nights when you look at the market and see opportunity after opportunity! I don’t have time to take screen shots of them all, but here’s a heads up of what I’m looking at:

A chart showing US dollar versus Swiss Franc

USDCHF Descending Channel

USDCHF: Could be in a descending channel, price currently bouncing at the top which is also a resistance line which used to be support. It’s also the .618 retracement level of the previous swing high / low. I’ve put in an order to take this short.

USDJPY: Oh, I love the Yen! I’ve never called the top on this pair and made a profit, but I’m going to try again now because it’s testing a high that we haven’t seen since May 2010. The last week has seen it go into a consolidation as indecision has set it, which means I need a break of 92.00 before taking it short, but I really do like the look of it.

AUDNZD: Testing strong support at 1.2150 and a reversal on the 60m. I liked this when I spotted it on Friday, but I like it even better now that the guys over at The Lazy Trader agree it’s long all the way and have sent out a cracking way to play this tonight. I’ve taken their entry long.

XAUUSD (Gold):  Nothing to add since my last post, other than that it did what we expected but we now need a retest of the old support level before taking it short.

There are other opportunities out there tonight too, but where would be the fun be in me pointing all of them out to you?

Happy trading!