GBP/CHF, EUR/AUD and WHEAT/USD on watch for me today.
GBP/CHF:
• If price pushes up and it gives us a confirmed second bottom then I'll be looking to get short with a reduced risk entry on the break of what will then be a tight one hour flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
EUR/AUD:
• If price pushes up, it so impuslively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
WHEAT/USD:
• If price pushes up above our most recent high, it so impuslively and in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
• If price pushes up and it gives us a confirmed second bottom then I'll be looking to get short with a reduced risk entry on the break of what will then be a tight one hour flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
EUR/AUD:
• If price pushes up, it so impuslively and in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
WHEAT/USD:
• If price pushes up above our most recent high, it so impuslively and in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
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