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.

EUR/USD 26 MARCH 2013

Price has retraced down to the A low, it has poked through but has not sustained the break. If we get a bounce out of this level then it will be a long trade setup. Else if price falls and breaks the A low on a sustained basis then we will have continuation of the downtrend.

Will be going long if:

We are looking for a test of the low followed by a clear bullish cs formation for a long trade setup. Place stop below the low of the cs formation, limits 100 pips.

Will be going short if:

No setups at present, stand aside.

GBP/USD 26 MARCH 2013

We have a clearer B swing high in place now, we have to wait for a retracement down to the fib levels before we look at buying. No short setups at present.

Will be going long if:

No trade setups, we don’t have any criteria in place.

Will be going short if:

No trade setups, stand aside.

AUD/USD 26 MARCH 2013

Still waiting for a B swing high to form, we are looking to buy the dip. No trade setups at present. Stand aside.

Will be going long if:

We need a retracement before buying. Stand aside for now.

Will be going short if:

We have no short setups at present , stand aside.

EUR/USD 25 MARCH 2013

Price has started the reversal process on this time frame and has closed the gap down of last week. We will now wait for a B to form, then a retracement down to our levels of interest to go long. For now we have no setups, stand aside.

Will be going long if:

No trade setups at present - stand aside.

Will be going short if:

No setups at present, price not in any area of interest, wait for a 618/786.

GBP/USD 25 MARCH 2013

Price has taken out the 5200 level and has started the reversal process on this time frame. We now have to wait for a B swing high to form, then a pullback down to the 618 for an entry long. Stand aside for now.

Will be going long if:

No trade setups, we don’t have any criteria in place.

Will be going short if:

No trade setups, stand aside.

AUD/USD 25 MARCH 2013

Price is trending up as can be seen above. We don’t have an entry as yet, we need to wait for a swing high followed by a dip for a long trade setup. Be patient, stand aside.

Will be going long if:

We need a retracement before buying. Stand aside for now.

Will be going short if:

We have no short setups at present , stand aside.

EUR/USD 20 MARCH 2013

Price fell and took out the B low giving us a new AB swing. We once again have to wait for a retracement to the 618/786 of this swing for a short entry. Else a sustained break of 1.3000 will start a reversal on this time frame.

Will be going long if:

No trade setups at present - stand aside.

Will be going short if:

No setups at present, price not in any area of interest, wait for a 618/786.