Share your ideas for the last day of the week
Shoot your trade idea in.
My ideas for trades:
- I think we could get a corrective push higher in the NZDUSD. Risk is a move below 0.6944. A move below that level would not be a good. On the topside, get above the 100 hour MA at 0.69809 (currently and moving lower) should give traders mover confidence for a test of the 200 hour MA at 0.7000 area.
- The USDJPY is sitting on a fence and looking for a shove. Below the low from yesterday at 109.29 is more bearish. A move above 109.45 should be more bullish (see yellow area in the chart below).
- The GBPUSD is showing signs the low was reached yesterday. The floor was busted at 1.3483-86 and ran to 1.3459. That failed and the old floor was reestablished. That is the risk. The hurdle for corrective idea is to get and stay above the 200 day MA and the 100 hour MA at 1.3546 area.
