A lot of trades setting up.
The Pound is looking set to complete a head and shoulder pattern. I will be looking to go long with a break above 1.25.
The Candian dollar is making a symmetrical triangle. My preference is to go short with a break below 0.73. However, if it breaks to the upside above 0.75 I will consider a long position.
The Brazilian Real is still forming its rectangle. I got snookered on the short side a few weeks back.
I am still considering another long trade for the New Zealand Dollar after taking a loss this week.
I am still looking to short the Nikkie 225 if it breaks below 25500.
The NASDAQ chart is not looking pretty. I am looking to go short with a break below 10500.
Wheat is forming a very small head and shoulder continuation pattern. I will be looking to go short with a break below 715 level.