EUR/JPY CYCLES UPDATE Part1

[rufffen]

OK here's the scorecard with setups for the next week this would be a black Tuesday for the USD.

Please come back for updates US close on Monday since I could revise SL TP will remain the same.

[rufffen]

One can take profits on EUR CAD now move EUR USD to BE ( I think it wont go past the current levels).

[rufffen]

EUR JPY SL hit -45
EUR CAD TP hit +105
EUR USD TP hit +46
GBP USD SL hit moved to BE as recommended.


Other possies still going Id move SL on GBP USD to 1925 just in case it cracks it early. EUR USD SL at BE.

Ill update setups for FED date at US Close.

EUR JPY was a particularly BAD setups that I posted I didn't look at GBP JPY with clearly indicated more upside the EUR JPY was just lagging behind oh well.

[rufffen]

OK Update for FED rates

USD CHF You can hold shorts 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 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 GBP 5 minute charts open watch the GBP recent high 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!

[rufffen]

EW MAJORS UPDATE:

All of the longer-term EW counts on EUR GBP (4 hour 8 hour day week month) show a clear uptrend with targets at least 200-400 pips way NORTH so no reason to take a short position at this stage.

[rufffen]

NEW SETUP AUD/NZD

BUY BUY AT CURRENT PRICE 2165 (+-40 pips) SL 2040 TP1 2320.

All this major buisness got caught up nearly missed a great setup I also was short AUD NZD 2380 closed it now.

[rufffen]

Was a non-event with no surprises there some setups did OK (EUR AUD) some you should have SL at BE I think CHF was stopped out but Ill double check that.

I still got EUR longs going with CHF-hedge to offset any possible losses will unload it when recent highs on EUR are broken or hold close EUR trade once we break out of the uptrend channel.

All in all a poor start but I expect some good action towards Thursday/Friday as the markets start to absorbs implications of FED tightening.

[rufffen]

OK everyone caught up in range on majors let's try something else for a change

NEW SETUP AUD/USD

AUD USD SELL SELL WINDOW 7550-7575 SL 7700 TP 7200.