evening round up

Hi Again
The forex market is making a decision for us. Its the run up to the June NFP report. The market is expecting a good number. It would not be strange to see the Euro$ to meander sideways untill then. At the moment the euro and its sister the $chf is within a MULTIPLE INSIDE bar chart pattern. The pattern has now 7 times 4 hour inside bars. We just need to let it break and go with flow. From the hourly chart I was expecting a bounce this morning which did not occur although in the www.whichwaytoday.com room we still got out at a small profit. Profits are like aeroplane landings. Anyone you can walk away from is a good one. In terms of the h4 chart in Euro $ there is nothing to do this evening. The situation is the same for the $ CHF. Any trade against the dollar is strongly against the daily and h4 trend as measured by my 89sma. We need to be careful to say the least.
Cable is trending up on the H4 but down on the daily. The rally on the h4 over the last week seems corrective to me and it looks weak. There is a Doji candle on the daily, assuming nothing changes between now and midnight GMT. This is one hell of an assumption. No action in cable.
$yen is at the top of a corrective channel in my opinion. Apart from selling this resistance I see no confirmed trades in this pair. In the majors there is no action to be taken.
Time for a beer.
I will report in the morning. It will be brief as thats a busy time for me. However it will to to the point and hopefully useful and waffle free. Please give me a shout on traderdavy@gmail.com if you have any sujjestions on how this blog should be played.
Have fun
David