EUR/JPY CYCLES UPDATE Part1

[rufffen]

As the July results are closing on + 2 000 pips per one lot, Im about done here, no more trades this week, Id say EUR/USD GBP/USD EUR/CAD TPs will be honoured by Friday.

Ill do another month in August and Im done with this thread, as I have other commitments.

Hope some of you made pips on the way, and have a good trading week, or what's left of it anyway!

[rufffen]

Tradeable Cable reversal coming up 26th into 27th asian time, might be good move for 100+ pips, other timed events this week

07.26 0700GMT
07.27 2000GMT

[rufffen]

EUR/USD mid-term outlook: Got two possible scenarios, we could reverse at 2489 for the 2863 (400 pips almost) or we proceed to dip to 2300 initially, now I can't pinpoint the exact scenario now, but this will be VERY tradeable and easy to recognize.

Elsewhere: AUD/NZD AUD/USD NZD/USD trades are still pending, but Im telling you, this will be big 200 400 600 pips soon.

USDX mid-term: Will update at Asian today.

Overall Id say we can do some top/bot on currencies into September and that point onwards could start trending either one direction.

[rufffen]

US close update: From my MSN conversation w/t another trader: "taking all profits on shorts at 2510-2530 euro and 8320-8360 cable and reverse NET long probably".


Reason is Im revising TPs is a new fractal formation, LONG opportunities on euro and cable wait for entry levels.

[rufffen]

USD/CAD: Possible setup to go SHORT on CAD, Ill wait for euro to come down another 60-80 pips and assess that trade once again. Id say if EUR and cable reverse CAD will be a better mover in terms of pips.

[rufffen]

USDX: Nothing exciting that I can see, I maintain more bullishness mid-term, elsewhere SP500 rallied as per my post last week, however far from the topping action, give or tak 80-120 points from current trading levels. XAU gold looks like setting up for break below 613 but not just yet, might take another small rally for 630-650 area before proceeding with the descent to sub600 and 560 BUY ZONE. Updates as the prices close by the targets.

USD/JPY rally update: Looking at possible scenarios on yen Id say this uptrend is not complete yet, we can do anything in range of 119-121 august.

What I see if potential timing for the trend reversal around 08.20-08.26, time would be more clear as we close by that range.

Currently Ill look for friday first week of august to present 100 or so pips reversal opportunity, this signature has done over 80% spot on for 100+ pips so far, these trades not posted here though.

[rufffen]

EUR/JPY: long time no trade, possible setup to go LONG BUY WINDOW is 146.30-146.60, SL Id say 14600 TP +100 pips on that one.

GBP/JPY looks not so tradeable recently.

[rufffen]

Update on post #57 from 18th July: "EUR/AUD: Prepare to go long at 6470-6520, SL is 6400 TP1 6880 TP2 7020, going for 500 pips here, risk exposure is 120 pips."

EUR/AUD: Waiting for 3-4 4hour candles now to consider this setup, revising entry though 6500-6560 Id say SL needs to be wider here, 6460 at least TPs remain the same (6400 TP1 6880 TP2 7020)

Also have to say thank you to Ronnimar for reminding me of that setup, I had it there in my charts folder for 3 weeks now, but apparently got caught up in action. Thanks mate!