EUR/USD, USD/JPY and NZD/USD on watch for me today.
EUR/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to our lower outer structure trend line and the last part of the move was corrective, then I'll be looking to get long with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down impulsively to our lower outer structure trend line, then I'll be looking for a convincing impulse back up followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If price only pushes down to our rayline, then regardless of how it does so I'll again be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to our lower outer structure trend line and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down impulsively to our lower outer structure trend line, then I'll be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If price only pushes down to our rayline then regardless of how it does so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
NZD/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to our lower outer structure trend line and the last part of the move was corrective, then I'll be looking to get long with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down impulsively to our lower outer structure trend line, then I'll be looking for a convincing impulse back up followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If price only pushes down to our rayline, then regardless of how it does so I'll again be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
USD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to our lower outer structure trend line and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down impulsively to our lower outer structure trend line, then I'll be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'll be looking to get long on the break of the flag.
• If price only pushes down to our rayline then regardless of how it does so I'd again be waiting for a convincing impulse back up followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
NZD/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.