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Old 07-08-2006, 16:02   #172
rufffen
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Re: EUR/JPY CYCLES UPDATE Part1

OK, Update for FED rates

USD CHF
You can hold shorts from last week, OR ADD NET SHORT AT/BELOW 2200 levels, SL 2260 TP 2000. TAKE THIS TRADE on break of 2200. SL on majors 40 pips.

EUR USD and GBP USD You can wait for break of CHF lows or GBP highs to take NET LONG position TP on EUR USD 3080 TP on GPB USD 9360. Id suggest to have CHF and GBP 5 minute charts open and watch the GBP recent high and CHF low before taking a position.

USD CAD Position NET SHORT SELL WINDOW looking good at 1120-1140 TP 1050.

EUR CAD This one should be traded direction of USD CAD, however I ADVISE TO STAY OUT! IGNORE THIS SETUP!
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