EUR/USD, USD/JPY, AUD/JPY and NZD/USD on watch for me today.EUR/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
USD/JPY
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
NZD/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed up to our upper trend line and the last part of the move was corrective.
• If price pushed up impulsively to our upper trend line then I'd be looking for a convincing impulse back down below our rayline followed by a tight flag and then I'd be looking to get short on the break of the flag.
• If price only pushed up to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back down followed by a tight flag and then I'd be looking to get short on the break of the flag.
Falcontradingguidance
EUR/USD, USD/JPY and AUD/JPY on watch for me today.EUR/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
USD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
EUR/USD and USD/JPY on watch for me today.EUR/USD:
• If price pushes down to and ideally just below our lower outer structure trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the fifteen minute or the one hour chart.
• If price only pushes down to our rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to our rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss below it as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/JPY:
• If price pushes down to and ideally just below our lower outer structure trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the fifteen minute or the one hour chart.
• If price only pushes down to our rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/JPY and GBP/JPY on watch for me today.USD/JPY:
• If price pushes down to and ideally just below our lower outer structure trend line and the last part of the move is corrective, then I'll be looking for a reduced risk entry after a phase line break on either the fifteen minute or the one hour chart.
• If price only pushes down to our rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
NZD/USD, GBP/JPY, USD/CAD and USD/JPY on watch for me today.NZD/USD:
• If price impulses pushes back down below our lower rayline and a subsequent tight flag forms, then I'll be looking for a reduced risk entry on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
GBP/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/CAD:
• If price pushes down to and ideally just below our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to our upper rayline, then again regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll again be looking for a reduced risk entry on the break of the flag.
• If price pushes down to just below our lower rayline and this is followed by an impulsive push back up, I'll not be looking for an entry above a subsequent tight flag if the flag forms either through or below our upper rayline.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/JPY:
• If price pushes down to and ideally just below our lower outer structure trend line and the last part of the move is corrective, then I'll be looking for a reduced risk entry after a phase line break on either the fifteen minute or the one hour chart.
• If price only pushes down to either our inner structure lower trend line or our rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
NZD/USD, GBP/JPY and USD/CAD on watch for me today.NZD/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our lower rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. But if the flag forms close to our rayline, then I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If price only pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down below our lower rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. But if the flag forms close to our rayline, then once again I'll be hiding my stop loss above the rayline as illustrated for extra protection.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
GBP/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price pushes up to and ideally just above our upper rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/CAD:
• If price pushes down to and ideally just below our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to our upper rayline, then again regardless of how price does so I'll be waiting for a convincing push back up followed by a tight flag where I'll again be looking for a reduced risk entry on the break of the flag.
• If price pushes down to just below our lower rayline and this is followed by an impulsive push back up, I'll not be looking for an entry above a subsequent tight flag if the flag forms either through or below our upper rayline.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
EUR/USD and GBP/JPY on watch for me today.EUR/USD:
If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag.
If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag, but with my stop loss above the 90% rule for protection as illustrated.
If price retraces back into our pattern then I'll flip my bias and I'll be looking for reduced risk entries after a tight flag for a short term move to the upside.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
GBP/JPY:
If prices pushes above our wick and then impulses back down I'll be looking for reduced risk entries below a subsequent tight flag.
If prices pushes above our wick and then impulses back down a little lower than the previous example I'll be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.
If prices pushes above the top of structure and then impulses back down a little lower than the previous example, I'll again be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.
If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
If there's any ambiguity I will not place any of these trades.
GBPUSD Price ActionHere we are looking at a typical 3 touch structure . Price is getting to its third touch in a smaller ascending channel. I am personally waiting to see how we reach the third touch, Whether or not we reach more consolidated or impulsively is yet to be known, however with the price action given (after news) we are left with a clean structure. Looking for SHORT opportunities.