EUR/JPY CYCLES UPDATE Part1

[rufffen]

EUR/CAD setup: Short at 4400 SL 4470 TP1 4200 TP2 3800 that setup will take anywhere from 10-14 days to get triggered.

USD/JPY: Short at 118.80-119.40 SL 119.80 TP1 116.00 TP2 114.00
This setup will take 1-2 weeks to be triggered.

I will update the scorecard with all PENDING trades over the weekend, no free time at this stage.

[rufffen]

EUR/JPY: Something doesn't stack up with my cycles analysis, currenly got 147.40-147.55 as SELL Window, SL would be 147.90, if it doesn't stop there, it's going further NORTH.

GBP/JPY: Update, Stay out of that possible trade. I don't quite see things lining up for a proper setup now.

[rufffen]

USD/JPY update: There is some indication that this item might've topped out, since it bounced 120 pips off 886 fib level, however there is further upside, possible top could be 118.80 alternatively 119.40 and 120.00, now I know that doesn't give much, however there is more. 118.80 is also 786 fib from 121.40 and 109.20.

Today price action broke the upper limit of the Monthly Resistace Area1, which means we could be bound for Resistace Area2, which is 119.69-121.86, so definately more room on the upside.


If this one item doesn't reverse at current levels, the uptrend on GBP/JPY and EUR/JPY might resume until a final reversal.

[rufffen]

USDX 1 hour update: EW fractals clearly indicate further upside, currently doing a 5 wave impulsive up and prolly major degree wave3 as well; it doesn't help much though, only adding more pieces to the puzzle.

[rufffen]

EUR/JPY and GBP/USD short trades triggered, update at UK close.

[rufffen]

SETUPS update: EUR/JPU +64, move to b/e trail 40 pips, GBP/USD -40 SL 8560. I don't feel so good about that one now, got out of sync with the markets I guess. I will look to reverse NET LONG on Cable, but currently no trades recommended.

[rufffen]

I will post updated setups Saturday, I think I spotted pretty good opportunities for Sunday/Monday.

[rufffen]

Looks like the CABLE trade (SHORT) will get stopped out, if 8555 goes on cable, next stops are 8660 and 8800.

There is conflicting data on euro / cable / yen charts, several fractals pointing different directions, Yen for one is trying to push towards 113.

Let's see if cable gets stopped out then Ill update.