Short GECM6 at 1.2768. RSI Hourly bearish divergence. Nearly a total MACD histogram divergence as well.
Nice ride down here on the Aussie today. I shorted overnight at .7675 only to see I was faked out. I added a second short at .7706 and here we are now on the Bearish divergence on hourlies at .7630. I am also short the Euro as it had divergence as well. I may hold the Aussie short as a longer term play as the daily charts are showing quite a bit of reversal strength.
I am long the yen futures from this morning at .8971 on hourly bullish histogram divergence. I am stuck here trying to break thru .9000. Technicals (not daily) say stay long so that is what I will do.
I am still in this trade and have been averaging into it at lower prices. We then have had a triple hourly bullish divergence, so I am long still and holding.
This yen futures trade has worked out nicely. It just took a little patience and some averaging in. We are sitting at .9018 as we speak. My highest entry was .8971.--I currently have a trailing stop which I will continue to move upwards.
The Globex euro futures contract on 15 minute charts and on 60 minute charts is threatening an upside reversal and has been all morning. I am long now the Euro futures from 1.2781. Also same situation with Aussie I am long now from .7399.
Still holding the Euro futures long here. Looking for an extended bounce and will then reverse on bearish signals from hourly charts.
The way the hourly chart is looking here, I may add long at 10:20 AM if it stays intact. Bullish divergence is brewing.