Final week of April plan
For EURUSD - the best time for a short once it fails to break the 60 day EMA and the 1.10 level. On the daily chart, if the uptrend continues, it will definitely be in the oversold area and if there is a confirmation of a downward trend or a bad news item, I will short it as close to the 1.10 level.
AUDUSD broke up the 60 day EMA but it needs 1 more day of conviction upwards before I consider a long. Failure to hold the 60 day EMA means a potential short though I belive that AUDUSD might range for the week.
NZDUSD is above the 20 day and 60 day EMA but pulling back to test the support. If the support holds, then this is a great opportunity to go long NZDUSD.
Finally we have the GBPUSD pair which showed conviction in breaking up the 60 day EMA. If there is a cross of the 20 day EMA to the 60 day then this a potential trend change and worth going long. Failing that, I want it to test the 60 day support for less risk in entering the long.
