StewySongs

GBP/USD and AUD/CHF on watch for me today.

Short
OANDA:AUDCHF   Australian Dollar / Swiss Franc
GBP/USD:

• If price impulses down below all of our upper ascending trend lines and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag.

• 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.

AUD/CHF:

• If price impulses down below our upper ascending trend line and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag.

• 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.

Comments

Thanks Stewy, and I get it.....your strategy of finding a target, and then qualifying its confirmation, is definitely among the safe ways of trading...Thank you for sharing and teaching.
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Sphiwe23 fzltrad20201
@fzltrad20201, too valuable right👏🔥🔥
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