13 Oct This Week’s Swing Trading Round-Up; 13th October 2012
No changes were made to open Swing Positions throughout this Week although the markets did present some new set-ups which I chose to ignore due to already being heavily positioned, some of which that were not performing particularly well at the time.
Open Swing Trades going into the Weekend are as follows:
2nd half of GBP:NZD swing long showing + 40 points.
USD:CHF swing showing -4 points.
CAD:JPY potential swing remains on my watchlist, but so far not exhibiting all the things I’d like to see before entry.
GBP:JPY is the most interesting chart at the moment for me, not necessarily for a trade, just because I see a mixture of bullish and bearish signals and would like to see what happens.
EUR:GBP could be a potential swing short, further analysis to follow over the Weekend.
Another chart to watch is GBP:CHF which is approaching the Daily 200 MA for the first time in over a Year, meanwhile, it didn’t reach the technical upside target beforehand, suggesting there could be another leg up to come in the region of 600+ points.
In the meantime, I hope you are enjoying your Weekend.