AUD:CAD And EUR:GBP Potential Swing Shorts; 23rd October 2012

AUD:CAD And EUR:GBP Potential Swing Shorts; 23rd October 2012

Presented with little commentary, the following charts are sparking my interest at the moment. Too early to blindly jump into trades, but my it’s quite clear to see what I’m thinking:

EUR:GBP

This is already on my watch-list as previously discussed here. If the rally is a retrace within an ongoing bearish trend, an inflection point should be nearby:

AUD:CAD

Both Daily and 4 Hourly charts are up against resistance. If the down trend is to resume, we should see signs of it from here. Downside targets are significantly lower than current levels, but lets take one thing at a time and see how the next couple of days perform:

Daily:

4 Hourly:

 

1Comment
  • This Week's Swing Trading Round Up; 27th October 2012
    Posted at 10:57h, 28 October

    […] North, though with 3 marginally lower highs the┬áprobability┬ástill favours the down-side.The AUD:CAD set-up appears to have failed, but I’ll continue to watch as price has now found possible […]