GBP/JPY chart of the DAY: Could this be the topping action with RISING WEDGE in the uptrend? Let's wait see sure does look good but recently I had same pattern FAILURE on XAU SPOT GOLD so nothing to get excited about at this stage.
This trade is 60 pips away being triggered HOWEVER I don't see confluence with AUD/USD NZD/USD Id say it still looks like a VERY GOOD SETUP so please hold on for further updates.
Id like to see at least NZD/USD reversal for AUD/NZD trade to get triggered.
EUR/JPY UK update: Im looking for a reversal cle fractal at 147.40-147.70 area this could be a good trade for 100+ pips lets wait. SL would be 148.20 on that one.
GBP/JPY UK update: 215.40-215.60 is a good SELL window this p looks like a three drives fractal so almost certain that it will drop soon. SL 216.00. Only get in at an indicated price.
THE TRADES ARE NOT CONFIRMED YET! I will update when we hit the indicated levels.
Elsewhere: AUD/NZD AUD/USD NZD/USD haven't hit my price levels. CABLE EURO still stalling Id expect some action at CPI today.
XAU SPOT GOLD: Currently +22 on that one TP1 is 614 area 4 dollars to go TP2 is 580 TP3 is 564 +-3 dollars you can trail this trade with 8 dollar stop move to B/E if you are in want to hold longer.
S&P500 futures update: I don't usually trade indices but since I got a new spreadbetting account Im looking at that one setup now currently it's trading at 1236 Id say that point onwards will rally towards 1320 time wise will take prolly 61-74 days now on.
GBP/USD: Can try small LONG (countertrend trade) at 8170-8190 area SL 8160 TP 8260 hardly worth it but looks like a good setup.
TP2 could be 8340 which give better R/R on that one so trail the trade once you reach TP1 8260. 8340 if hit will be a major reversal on CABLE 20th of JULY.
NZD/USD update: Apparently this item reversed to the downside now Im colorblind or something missed that one it wasn't in sync with aussie aussie cross p.
Right now Im looking to BUY the BUY WINDOW is 5960-6000 SL is 5940 TP1 6200 TP2 6400 going for 200/400 pips with this one. Don't chase it on the move SOUTH it's only a temporary action reaction will be a much better R/R trade.
XAU SPOT GOLD: Trailing stop hit 22-8 = +14 on that one get in later
GBP/USD: Since the last trade (long) was not triggered I see another setup to SHORT this one @ 8470-8500 area SL 8560 TP1 8300 TP2 8100 TP3 7900
Just revised SL levels since last times it overshot 40 pips I got stopped out on an otherwise profitable trade.
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Re: EUR/JPY CYCLES UPDATE Part1
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