2010-07-12 15:28 GMT +1

I like three pairs buy setups:
GU, EJ and AU

AU and GU are my old friends in betting long [two weeks of friendship is a long in this case)]
And here are the pictures:

2010-07-12 7:58 GMT +1

I see on 4H some initial correction on USD crosses without following of JPY counterparts. That's good, as may produce few signals later today or tomorrow.

On a daily GU now is breaking it's range I mentioned last week


On a weekly DOW regained losses from previous week, therefore formed 2weeks pinbar. Same situation on AUDUSD.

I see also weekly pinbar up on Gold, but I wouldn't trade it as I'd rather expect gold to fall.


In other words, there is nothing to trade right now, but i see some potential for setups to form later today or tomorrow.