EUR/JPY CYCLES UPDATE Part1

[rufffen]

GBP/JPY chart of the DAY: Could this be the topping action with RISING WEDGE in the uptrend? Let's wait and see, sure does look good, but recently I had same pattern FAILURE on XAU SPOT GOLD, so nothing to get excited about at this stage.

[rufffen]

AUD/NZD: BUY WINDOW 1.1800-1.1860 SL 1.1740 (120 pips) TP1 1.2040 TP2 1.2160 TP3 2300 TP4 2440.

This trade is 60 pips away from being triggered HOWEVER I don't see confluence with AUD/USD and NZD/USD, Id say it still looks like a VERY GOOD SETUP, so please hold on for further updates.

Id like to see at least NZD/USD reversal for AUD/NZD trade to get triggered.

[rufffen]

EUR/JPY UK update: Im looking for a reversal candle fractal at 147.40-147.70 area, this could be a good trade for 100+ pips, lets wait. SL would be 148.20 on that one.

GBP/JPY UK update: 215.40-215.60 is a good SELL window, this pair looks like a three drives fractal, so almost certain that it will drop soon. SL 216.00. Only get in at an indicated price.

THE TRADES ARE NOT CONFIRMED YET! I will update when we hit the indicated levels.

Elsewhere: AUD/NZD AUD/USD NZD/USD haven't hit my price levels. CABLE and EURO still stalling, Id expect some action at CPI today.

[rufffen]

XAU SPOT GOLD: Currently +22 on that one, TP1 is 614 area, 4 dollars to go, TP2 is 580 and TP3 is 564 +-3 dollars, you can trail this trade with 8 dollar stop and move to B/E if you are in and want to hold longer.

[rufffen]

S&P500 futures update: I don't usually trade indices, but since I got a new spreadbetting account, Im looking at that one setup now, currently it's trading at 1236 Id say from that point onwards will rally towards 1320, time wise will take prolly 61-74 days from now on.

[rufffen]

GBP/USD: Can try small LONG (countertrend trade) at 8170-8190 area SL 8160 TP 8260, hardly worth it, but looks like a good setup.

TP2 could be 8340 which give better R/R on that one, so trail the trade once you reach TP1 8260. 8340 if hit will be a major reversal on CABLE, 20th of JULY.

Elsewhere no other trades triggered.

[rufffen]

NZD/USD update: Apparently this item reversed to the downside now, Im colorblind or something, missed that one, it wasn't in sync with aussie and aussie cross pair.

Right now Im looking to BUY, the BUY WINDOW is 5960-6000 SL is 5940 TP1 6200 TP2 6400 going for 200/400 pips with this one. Don't chase it on the move SOUTH, it's only a temporary action, reaction will be a much better R/R trade.

[rufffen]

XAU SPOT GOLD: Trailing stop hit 22-8 = +14 on that one, get in later

GBP/USD: Since the last trade (long) was not triggered, I see another setup to SHORT this one @ 8470-8500 area SL 8560 TP1 8300 TP2 8100 TP3 7900

Just revised SL levels, since last times it overshot 40 pips and I got stopped out on an otherwise profitable trade.