Review week 52 2012
|Christmas in the post-War United States (Photo credit: Wikipedia)|
In last weeks post I wrote about nice trends on Gold, Silver and the USDJPY and that we might see continuations right after Christmas. Well, on the USDJPY we did actually see this happen as the Asian session traders are less into Christmas, I guess, as are the London and NY session traders. And it are mostly these last sessions that move Gold and Silver. Unfortunately, I missed entering this by the book inside bar continuation trade as I was busy enjoying the holidays with my family. And that's OK. There will be plenty more opportunities in the coming year.
So here are my analysis of pairs that I see having potential trade setups in the beginning of 2013. Taking all the directions of the trades in consideration this looks like a risk off scenario. So I will be monitoring the market sentiment for this to be still in play.