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rufffen · 14-07-2006, 18:05

NZD/USD potential setup: This item looks like its advancing SOUTH with a slight retrace NORTH from the previous degree wave in the downtred, Id look to short at 6220-6260 area with a tight stop, target would be 0.5940 initially. Lets see if this signal is confirmed next week, Id like to see 6150 break with a strong candle too.

AUD/USD: I spotted a fractal on 4 hour charts and appears this item is stalling, although direction is NORTH. Id like to see it top out around 7720-7740.

This trades are secondary, some of them are developing fractals, so Im monitroing these currencies to see how the fractals react.

Currently monitoring 3 fractals, AUD/USD (moving NORTH, so will try to sell weakness at the top), EUR/AUD (moving SOUTH, so will try to buy strenght at the bottom), NZD/USD (looks like a good SHORT setup for .5900).

USD/JPY fractals are undecided, longer-term looks like they point towards 109-112, which is consistent with a new downtrend on EUR/JPY.

CABLE and EURO fractals are pointing way SOUTH, EURO 1.23 1.19 1.16 and CABLE 1.8100 1.7800 1.7300, but that's longer-term setups.

USDX fractals points that dollar will regain grounds (WEEKLY), Id say 2007 will see it establish above 92-96 area.

14-07-2006, 18:05	#40
rufffen Zone trading Join Date: Jun 2005 Posts: 1,057 Downloads: 2 Uploads: 0 Rep Power: 5	Re: EUR/JPY CYCLES UPDATE Part1 NZD/USD potential setup: This item looks like its advancing SOUTH with a slight retrace NORTH from the previous degree wave in the downtred, Id look to short at 6220-6260 area with a tight stop, target would be 0.5940 initially. Lets see if this signal is confirmed next week, Id like to see 6150 break with a strong candle too. AUD/USD: I spotted a fractal on 4 hour charts and appears this item is stalling, although direction is NORTH. Id like to see it top out around 7720-7740. This trades are secondary, some of them are developing fractals, so Im monitroing these currencies to see how the fractals react. Currently monitoring 3 fractals, AUD/USD (moving NORTH, so will try to sell weakness at the top), EUR/AUD (moving SOUTH, so will try to buy strenght at the bottom), NZD/USD (looks like a good SHORT setup for .5900). USD/JPY fractals are undecided, longer-term looks like they point towards 109-112, which is consistent with a new downtrend on EUR/JPY. CABLE and EURO fractals are pointing way SOUTH, EURO 1.23 1.19 1.16 and CABLE 1.8100 1.7800 1.7300, but that's longer-term setups. USDX fractals points that dollar will regain grounds (WEEKLY), Id say 2007 will see it establish above 92-96 area.