StewySongs

NZD/CAD, USD/CAD, EUR/CAD and AUD/JPY on watch for me today.

OANDA:AUDJPY   Australian Dollar / Japanese Yen
NZD/CAD:

• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart.

• If price pushes up impulsively to and ideally just above other upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push 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 price simply pushes down impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with 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 the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart.

• If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push 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 price simply pushes up impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get long with 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.

EUR/CAD:

• If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart.

• If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push 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 price simply pushes up impulsively from where it currently is, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get long with 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.

AUD/JPY:

• If price pushes down impulsively below our higher time frame rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry 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

Thank s for sharing

We're expecting the beginning of downtrend for AUDJPY:

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Great content ,this type of price action has radically changed my trading in a positive way,i no longer trade support and resistance which is a major reason why 90% of traders lose money . Keep up the great work sir ,your work is appreciated 🙏🏾🔥🔥🔥
Reply
appreciate your effort! Thanks my friend 🦐
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