mjorden

mjorden

entering short NZDUSD at .8425 with SL on a daily close above .8436 (+spread). Open targets. maybe a double top set up, long term trade would equal .77 Target (about 700 pips)

mjorden

Looking to short NZDCAD on a test of highs or the inability to hold highs. open target.

mjorden

There is a possible Inverse Head and Shoulders on the USD (dxy) that would test higsh of 80.60 and with a break, end at 81.20.

mjorden

Order to long AUDNZD at 1.14 with a break above trendline and various MA's. Stop will be at a low with initial target of 1.1450 and then 1.1550, 1.1650

mjorden

5m chart shows Head and Shoulders set up, targeting .8340 for 1/2 TP and .83 for other 1/2.

mjorden

NZD reacted and was rejected from the daily trend-line. Short with stop above trend-line. Blue boxes are TP points.

mjorden

Potential double top on AUDUSD, taking a short, stop above higher (.9501) target is .9300, will quickly move stop to BE if momentum picks up.

mjorden

currently short, if stopped out with SL above .8450, will look at reshort between .8450 and .8600. Monthly trendline support turned resistance + previous weekly/monthly highs + monthly trendline resistance should act as resistance for longterm short setup. Targets would be .76-..66

mjorden

Expecting drop to .81 and .77, maybe more

mjorden

NZDCAD is setting up to either breakout north, therefor triggering long, and will short highs of .8750, or break down short. Both potential long and short trades are solely defined by a daily trend-line.

mjorden

With the US debt ceiling and budget debates, room to run north to carve out right shoulder of a 'head and shoulders' pattern. If USD rally's after the debate is solved without default, should see a test of 1.59-1.57 .. closing previous weekend gaps and finishing H&S pattern. 1.59-57 should happen in Nov-Dec.