GBP/USD 24 NOVEMBER 2016 4H

Instead of zooming out on the 4h, we can look at the daily chart; it’s the same AB swing as on yesterday’s 4hour chart, just cleaner to look at. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trade setups for now.

FOR TODAY: Will be going short if:

No trade setups as price is not in an area of interest.

FOR TODAY: Will be going long if:

No long trade setups as no criteria present.

AUD/USD 24 NOVEMBER 2016 4HOUR

Also no trade setups on this pair as price not in any area of interest. We need price up at the 618/786 before we will be looking for short trade setups.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

NZD/USD 24 NOVEMBER 2016 4HOUR CHART

Price tested the B low, we have to wait and see if we get a bounce or if we going to get a new AB swing, in which case we will wait for a rally to the 618/786 followed by a bearish cs formation for a short trade setup.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

NZD/USD 23 NOVEMBER 2016 4Hour

We still in the bearish AB swing, waiting for a 618/786 followed by a bearish cs formation for a short trade setup.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

GBP/USD 23 NOVEMBER 2016 4Hour

We need to zoom out considerably to find the current down AB swing on sterling. Price came shy of the 50 swing, we are looking for a 618/786 for a short trade setup. So no trades for now.

FOR TODAY: Will be going short if:

No trade setups as price is not in an area of interest.

FOR TODAY: Will be going long if:

No long trade setups as no criteria present.

AUD/USD 23 NOVEMBER 2016 4Hour

Also no trade setups on this pair as price not in any area of interest. We need price up at the 618/786 before we will be looking for short trade setups.

FOR TODAY: Will be going short if:

We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:

Also no criteria present for long trade setups. We continue to be patient.

EUR/USD 23 NOVEMBER 2016 4Hour

We are still in the down AB swing waiting for a pullback to the 618/786 for a short entry.

FOR TODAY: Will be going short if:

No trade setup as we are sideways for a few days now. We need a rally to the 618/786 then a bearish cs formation for a short trade setup.

FOR TODAY: Will be going long if:

No long trade setups as we are in a bearish AB swing. There are no criteria present to go counter trend.

AUD/USD 14 SEPTEMBER 2015

Price formed a morning star formation on the daily chart a few days ago and has since rallied to the 382 of the AB swing. We are at least looking for a rally towards the 618/786 where we will be looking for short trade setups for a move lower.

On the 4h chart we are looking for a dip into support circa 7018-6995 for a rally higher to levels mentioned above.

FOR TODAY: 

Will be going short if:

1.       No short trade setups at present, we wait for 618/786 on daily as mentioned above where we will look to institute short trades with entries on lower time-frame.

Will be going long if:

1.       If price falls to support circa 7018-6995 and forms a clear bullish cs formation on the 4h chart then we look to enter long trade setups, stop below the cs formation, with limits set at 7220.

EUR/USD 11 NOVEMBER 2013

Price fell to the BF786 area on Friday after the NFP number. If we get a clear bullish cs formation from current levels or lower down while inside the B low then we can expect price to rally towards 3500 over coming sessions. Else a fall and a sustained break of the B low will have us looking for another B low, keeping the A where it is.

Will be going long today if:

1.       We need a clear bullish cs formation from current levels, or lower down while inside the B low, maybe after a test of Friday’s lows even. Place stop 10 pips below the low of the cs formation, max 0.5% risk, limits 100 pips or if you are a swing trader, then 10 pips inside 3500, at 3490.

2.       Remember a fall and a sustained break of the B low negates this view.

Will be going short today if:

1.       No setups at present – stand aside.

GBP/USD 11 NOVEMBER 2013

Price fell on Friday with NFP taking us beyond the minor618 almost to the 786. We didn't get a bullish cs formation as a long entry as yet. We continue to look for an entry long, maybe after a test of the lows on Friday, or just a 618 of Friday’s lows. Patience is needed.

Will be going long today if:

1.       We are waiting for a test of Fridays lows, either the low itself or just a 50/618 retracement followed by a clear bullish cs formation on the 1h chart. Stops 10 pips below the cs formation, max 0.5% risk, limits either inside the A high or 100 pips.

Will be going short today if:

1.       No criteria in place for short trade setups - stand aside. A sustained break of the B low confirms the reversal.