Re: Daily on OB/OS single currencies--120711
It's time for the update. This is really showing how simple one methodology can really be. It is simply evaluating the most OB and OS currencies within the 8 majors, while using the 4-hour to place the daytrades.
A look at the charts shows the GBP/AUD and the GBP/NZD making monster gains after a slight pullback in Tokyo.
The AUD/CHF went sideways if not northeast, before a sharp move south. The NZD/CHF took off on a strong dip. The latter 2 do not move as fast as the former 2.
The EUR/AUD was shown within the scope of the daily. It has been a bearish day, but it is only one candle. Do not forget what happened with the 4-hour today. Most likely the EUR/AUD will be back on the daily OB/OS radar.
Again, get used to seeing the GBP/AUD and the GBP/CHF for a long time on the monthly.
It's time for the update. This is really showing how simple one methodology can really be. It is simply evaluating the most OB and OS currencies within the 8 majors, while using the 4-hour to place the daytrades.
A look at the charts shows the GBP/AUD and the GBP/NZD making monster gains after a slight pullback in Tokyo.
The AUD/CHF went sideways if not northeast, before a sharp move south. The NZD/CHF took off on a strong dip. The latter 2 do not move as fast as the former 2.
The EUR/AUD was shown within the scope of the daily. It has been a bearish day, but it is only one candle. Do not forget what happened with the 4-hour today. Most likely the EUR/AUD will be back on the daily OB/OS radar.
Again, get used to seeing the GBP/AUD and the GBP/CHF for a long time on the monthly.
4-hour: The CHF and GBP are OS, and the AUD and NZD are OB, so intraday longs on the GBP/AUD and GBP/NZD and shorts on the AUD/CHF and NZD/CHF appear to be the order of the day.
Daily: EUR is the most OS and the AUD is the most OB, so over coming days the EUR/AUD looks like an excellent long.
Weekly: Nothing.
Monthly: Get used to hearing this-- GBP/AUD and GBP/CHF-- longs.
Daily: EUR is the most OS and the AUD is the most OB, so over coming days the EUR/AUD looks like an excellent long.
Weekly: Nothing.
Monthly: Get used to hearing this-- GBP/AUD and GBP/CHF-- longs.