EUR/JPY CYCLES UPDATE Part1

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NEW TRADE SETUP EUR CAD:

EUR CAD SELL SELL AT MARKET OPEN SUNDAY
SL 4542 TP 4440

EUR CAD BUY BUY WINDOW 4420-4440 SL 4400 TP 4660 PRE RATES RELEASE SETUP FOR TUESDAY MAKE SURE 4400 IS INTACT!

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UPDATE on USD CAD

If you still have LONG going from previous week, you will have a WINDOW to CLOSE with profit at 1285-1295, this time this is also a SELL WINDOW, SO:

USD CAD SETUP

SELL SELL WINDOW 1285-1295 SL previous high 1340 TP 1210 Id like to see 1340 hold prior to FED RATES ON TUESDAY.

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POSSIBLE NEW SETUP (ON STANDBY) EUR AUD

EUR AUD BUY BUY WINDOW 6770-6790 SL 6740 TP 6860.

Id like to see how it acts around 6770 area so keep yous updated on Monday, this trade is not approved yet.

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CHF JPY UPDATE:

Take your profits and get out if you still got an open possie going, this item is off my list because the pace is too slow for my liking.

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USD JPY NEW SETUP

USD JPY SELL SELL WINDOW 114.70-115.15 SL 115.60 TP1 112.40

115.50 SHOULD HOLD!

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IMPORTANT NOTICE:

Monday will either start with a retrace, that will be EASY to NOTICE, or continuation of the rally (retrace 75% rally 25%), so that's where I will try to make money on COUNTERTREND TRADES.

HOWEVER DON'T BE FOOLED BY ANY RETRACES, FED DECISION ALREADY PRICED IN, AND YEAR HIGHS ON EURO WILL BE REFRESHED IN A MATTER OF DAYS NOW. BUY DIPS.

Since the volatility will be VERY HIGH this week, due to USDX retests of double-bottoms, range could be wild, especially towards Friday as the currencies might start to top/bottom out (majors), however Id expect true tops no earlier then 14th August and more likely 18th August.

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SETUPS SCORECARD COMING UP ON SUNDAY.

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EUR USD EW MONTHLY CHART - OBJECTIVES ARE RIGHT THERE.

I do expect EURO appriciation to be capped with 1.3600 though, and most likely mid-term top won't go past 1.3100, however refreshed new year highs mean further upside to come, so let's keep close watch on that item.