EUR/JPY CYCLES UPDATE Part1

[rufffen]

GBP/USD EUR/USD: Items (especially) EURO attempting a strong reversal, something I overlooked, but oh well, check the 4 hour EURO candles, see if you can identify this pattern here.

Stops on both items at B/E which should be 2700 euro and 8610 cable according to setups I posted Sunday.

EUR/CAD stops to B/E.

If trades get stopped out no more setups this week, cause I can't see any upside potential as of yet. Looks like SIDEWAYS to me.

[rufffen]

WEEKLY UPDATE: EUR/USD got stopped out at B/E; EUR/CAD still going close to B/E stop, GBP/USD close to getting stopped out. Overall that zeroes in all the trades this week, HOWEVER Id look for new setups as soon as opportunities arrise.

If you are following this thread be patient and wait for proper setups, Id continue posting August/September.

NO commercial/paid service, please dont enquire bout signals.

[rufffen]

SP500: Also the rally is stalling now, updating #69 of 19th July, this setup so far is up 30 points, Id try for another 60 points, otherwise B/E. Id say topping action probable around 1310-1320 area, which is a good SELL window on SP500.

[rufffen]

AUD/USD: This item close to SELL ZONE, SELL WINDOW is 7720-7750 SL 7800 TP1 7300 (400 pips), update as we get closer in price.

Elsewhere EUR/AUD lools like reversing NORTH, but Id say its a 2d fakeout like the one last week, time is not up yet for this item to reverse, BUY WINDOW remains the same sub 6560. Targets on LONGS here above 7000 initially.

Probably some of you noticed that the setups are correlated, so Id rather have both EUR/AUD and AUD/USD at proper levels and execute both trades. So lets wait for confirmation here.

[rufffen]

Looks like a simple/typical fractal on EURO 1 hour, so Id setup it that way:

SHORT EUR/USD 2762-2782 SL 2810 TP1 2640 and then see how it goes, I maintain longer-term EURO at 2100 currently.

[rufffen]

EUR/USD should reverse 16 or 23 hours from now on according to that pic I posted.

[rufffen]

GBP/USD ASIAN UPDATE: OK, if you got anything SHORT going on cable, close out, wait for a new SELL WINDOW, which is 8650-8680 SL 8720 TP1 8500, Id say with that wild canlde price action we are going to reach 8660 briefly. Someone taking more risk can LONG current prices, but Id rather SHORT the top.

[rufffen]

Here's 4hour euro KICKER pattern, reason why I won't short the markets. Todays events need to be absorbed and more time for price action to reverse.

Looking to the price reversals targets I think I might revise it well into 31st of August which is next Monday.

Report tomorrow(friday) will prolly drive price action higher and that will last into the weekend.