Be Bearish Euro and Australian Dollars on Bounces for Next Week

on June 08 2012 11:03 AM

Trades are structured with consideration to current wave structure in risk. For the next few days, I'm likely to be bearish on rallies. The following charts outline risk management levels (red is resistance, blue is support, black in interim levels to consider). I favor shorts on rallies in the AUDUSD and AUDJPY into resistance.

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THE MARKET(S) a.k.a. RISK SNAPSHOT - 60 Minute Closes

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_all.png,

Prepared by Jamie Saettele, CMT

SPX 500 - 60 Minute Bars

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_spx.png,

Prepared by Jamie Saettele, CMT

EURUSD - 60 Minute Bars

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_eurusd.png,

Prepared by Jamie Saettele, CMT

EURJPY - 60 Minute Bars

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_eurjpy.png,

Prepared by Jamie Saettele, CMT

AUDUSD - 60 Minute Bars

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_audusd.png,

Prepared by Jamie Saettele, CMT

AUDJPY - 60 Minute Bars

Be_Bearish_Euro_and_Australian_Dollars_on_Bounces_for_Next_Week_body_audjpy.png,

Prepared by Jamie Saettele, CMT

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