EUR/JPY CYCLES UPDATE Part1

[rufffen]

A great opportunity to buyback EUR at 2680-2720 area, and SHORT USD JPY at prices from the previous post. SL on EUR 40 pips TP +150 pips.

[rufffen]

Looking at CHF Id give it another 40-60 pips to reverse SOUTH and GBP USD might do another 80 pips on the downside before reversing NORTH.

No trade setups on GBP and CHF, however would like to suggest to look for possible reversals and enter a good R/R trade.

[rufffen]

Looking at EUR JPY apparently I missed the reversal there, however if it pulls back towards 147.20-30 area one can BUY it with 40 pips SL and TP at 148.40.

recently i am getting torn apart with lots of commitment at the office, so Ill think over format of this thread and/or maybe take a break for a while and come back to concentrate on 2-3 major pairs, since I can't keep up working / trading /doing charts and posting my analysis at the same time.

My resources got too stratched out when I was trying to chase Aussie currencies, Majors and Yen crosses and Spot metals doing all at the same time.

Anyway, Ill post setups for next week over weekend for majors and yen crosses, if I spot any good one, and prolly call it a day, revise my postings format and come back when I sort things out.

[rufffen]

SP500 Update:

This has been a decent ongoing trade for last three weeks, went long at 1236 currently trading at 1271, Im fairly confident that this index will reach 1300-1310 area withing coming weeks, so keep an eye on it for a possible reversal. Possible reversal days are 18th of August, Friday next week.

Ill update SP500 setup as we go.

[rufffen]

USD JPY PRE-BOJ decision update

Can't see this item trading above 115.80 levels, however if there is a strong rally (move) Id say that 116.20-40 area will likely see this item reverse.

Possible recommended setup was indicated earlier, SELL topping action around 115.80 area, details posted yesterday.

[rufffen]

UPDATE ON EUR JPY

This BUY setup worked OK, missed my TP with 8 pips, take profits now and can try to reverse to SHORT now

[rufffen]

If you attempt to short EUR JPY have SL at 148.60 better price to get in SHORT is 148.40 (now 148.20), TP 147.80. Now a very decent R/R trade, so it's a 50/50 here, but Ill short it anyway.

[rufffen]

EUR JPY SL hit -45
EUR CAD TP hit +105
EUR USD TP hit +46
EUR AUD TP hit +92
EUR JPY +112
USD JPY -47
AUD/NZD AUD/USD -256 cumulative

WEEKLY TOTAL +10 pips (hehe)

Pretty bad run this week, due to getting it completely wrong with Aussie currencies, anyone still holding the AUD USD and AUD NZD items might as well hold on to the loosers, since SL hasn't been hit yet, the pairs are reversing, just that my timing was slightly off the line.

Ill keep updating setups whenever I got time, coming into a new season of business activity here I can't keep up with FX, unfortunately.