trade closes even-stevens

...trade closed at break-even and eur carried on rising past 1.2770 and is testing 1.28 once more. Once again, I'm looking for signs of a continuing downtrend and will consider opening a position if the pair falls below and then retests 1.2660.

plan for cable

...gbp/usd is on its way south after testing resistance around 1.4650. I'm waiting for a breakdown then retest of the gap at around 1.44 before selling below the breakdown low:

1.27 tested & I wimp out.

...eur testing support @ 1.27; this level could prove a challenge. I'm bringing my stop down to break-even (1.2770):

position on eur

...placed this order just after 14:00:
Sell@1.2770; s/l@1.2834; t/p@1.26:


position opened at 14:30.

potential short on eur?

...eur gapped down on the open leaving a nice band between 1.28 and 1.2835 that is a likely zone of support and resistance. eur has just re-entered that zone from below. I'm looking for resistance to hold at 1.2835 and will then place an order to sell at 1.2780...

candle forecast for February 22-27

Looking at this week's forecast, I'd say the dragonfly on the eur points to upside action. However, I won't be entertaining a long position before I see a daily close above 1.30. If 1.30 offers strong resistance, look to go short with a target of 1.26.
Last week's spinning top suggests that sterling is also range-bound. As the trend is still down, I'm looking for downside action around 1.46 with a target at 1.41.
Last week's upside jpy action paid me well. However Friday's US banking jitters have left me looking for signs to go long around 92 with my sights set at 94.50.
Last week's chf candle was distinctly bearish. I'm waiting for a clean break of 1.15 before jumping in.

this week's punt, courtesy of the candles

...not a brilliant week and I watched as the two orders that triggered (jpy and gbp) both stopped out, costing me 212 pips.

Looking forward to this week:
the candles find eur in a range- I'm looking to short at 1.2950
they are bullish for usd/jpy and I plan to go long at around 90.50
the signs are bearish for gbp and I'd like to short at around 1.48 if possible.
Full details with charts to follow...