EUR/USD, USD/JPY and AUD/JPY 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 I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking 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 price only pushed down to our rayline then regardless of how it did 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.
USD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking 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 price only pushed down to our rayline then regardless of how it did 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.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did 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.
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking 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 price only pushed down to our rayline then regardless of how it did 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.
USD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking 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 price only pushed down to our rayline then regardless of how it did 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.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if I was then I'd be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart if price pushed down to our lower outer structure trend line and the last part of the move was corrective.
• If price pushed down impulsively to our lower outer structure trend line then I'd be looking for a convincing impulse back up above our rayline followed by a tight flag and then I'd be looking to get long on the break of the flag.
• If price only pushed down to our rayline then regardless of how it did 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.
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