USD/SGD, AUD/CAD and AUD/USD on watch for me today.

USD/SGD:

• If price pushes down below our most recent low, it does so impulsively a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.

AUD/CAD:

• If price pushes down to and ideally just below our lower rayline and it does so correctively, then I'll be looking to get long with a risk entry either after a phase line break, or just above a one hour or a fifteen minute rejection from it.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.

AUD/USD:

• If price pushes down to and ideally just below our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.
AUDCADAUDUSDChart PatternsfalconfxForexTrend AnalysistutorialsUSDSGDWave Analysis

Also on:

Disclaimer