CHF/JPY, AUD/CAD and CAD/JPY on watch for me today.
Good morning guys and girls. I couldn't bring you a video this morning as I had to catch a train down to London so that I could spend some time with my mum for a couple of weeks as she'll soon be celebrating her 60th birthday.
We saw quite a bit of movement during the Asian Session, so I've just had a look at my Top 6 and my Wildcard list pairs, reassessed the situation and then reforcasted, which is no easy feat on a wobbly train with the world's noisiest adults and their screaming kids on board I can tell you, so do excuse my artwork.
So much for me specifically opting for the "quiet carriage". Lol
CHF/JPY:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair
AUD/CAD:
• If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY:
• If price pushes down to and ideally just below our rayline, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
We saw quite a bit of movement during the Asian Session, so I've just had a look at my Top 6 and my Wildcard list pairs, reassessed the situation and then reforcasted, which is no easy feat on a wobbly train with the world's noisiest adults and their screaming kids on board I can tell you, so do excuse my artwork.
So much for me specifically opting for the "quiet carriage". Lol
CHF/JPY:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair
AUD/CAD:
• If price corrects and a tight one hour flag forms then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY:
• If price pushes down to and ideally just below our rayline, then I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
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