Cocoa completed a head and shoulder failure pattern.
I will consider taking this trade at some point next week. I am always reluctant to trade this market because of its wild swings.
A close below 92 and I will short the USD.
I am tempted to jump back into the long Yen trade. If it pulls back to 0.96, I will consider.
The Pound is making a classic head and shoulder bottom. This will be a good one to trade.
A break above 1.35 and I will go long.
The Canadian dollar is making a complex (and ugly) bottom.
Depending on how it breaks to the upside, I will possibly go long. I would need to see a weekly close above 0.77.
My long New Zealand dollar trade is working out nicely.
If it reaches 0.71, I will move up my stops to break even point.
Wheat is trying my patience, but this is what the agriculture’s do.
If it keeps moving sideways like this I will exit the trade.
At this point, I consider platinum a missed trade.
Even if it comes back to the 920 level, I will be reluctant to go long.