Last week’s posted levels on the EUR and CHF saw a push though the levels that many smaller intraday traders may not have been able to withstand. This is sometimes the case with the bank flow strategy and why I suggest using proper risk management and not to over leverage your trading account. For the traders that were able to hold these traded levels, the CHF has seen a 200 pip drop from the posted sells at 1.0470 and the EUR has seen an 80 pip run from its buy levels at 1.5540. As a side note, many times the bank flow levels can be used as a directional confirmation for a particular currency pair and as a confirmation for your own trading style and entry stratagies.
I have combos to watch this week:
I will be looking to buy the GBP if it makes a fall to the 1.9525 zone. This is pretty far away at the moment but bank flow levels are being shown in this area.
I will also be watching the CAD for buys on dips targeting the 1.0150 area. I expect that .9950 to .9930 will hold the bottom side for the expected push to the target levels.
Dustin
