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SUGAR

CHF/JPY, SUGAR/USD, EUR/CAD and CAD/JPY on watch for me today.Good morning guys and girls, I hope you're well. Before I explain what I'll be looking for today let me just say before I forget that I made a slight mistake with my forecasting yesterday morning. By that I mean that what I said I'd be looking for from each pair beside the bullet points which I list beneath each currency pair subheading in my forecast description was actually what I said I'd be looking for from the pairs which I had on watch the previous day, which is why you might have noticed that what I said I was looking for was at odds with what I said I'd be looking for in the callout bubble descriptions on my screenshots. As you may or may not have guessed I use a template for the text in my forecast descriptions and I changed the currency pair subheadings to reflect the pairs that I was looking for yesterday, but I forgot to change the bullet points beneath them before pasting them over to TradingView, hence why the latter were my entry requirements for the pairs which I had on watch the previous day. Thankfully there will be no such problems this morning. Moving on and I'm currently running at just over +1.5% profit with my EUR/CAD trade. Whereas I would normally lock in profit above the highs I locked in profit more aggressively just above our most recent swing low as price approached the bottom of structure where a reversal is much more likely and although it does look like a tight bull flag has formed to push back up it's important to note that price never quite broke our previous low on the daily chart and that the bull flag is becoming very wide relative to the impulse up which preceded it, making perhaps a slow trickle down to this liquidity point more likely. So I have EUR/CAD on watch again today for this reasons for a potential buy if price does break our stand out daily low. If it does and we got a strong one hour close below it I will lock in profit just above the daily low and then be ready to flip my bias if I'm tagged out for around +2% profit in anticipation of a subsequent tight bull flag back above it which I'll be looking to get long on the break of and of course if that doesn't happen and we either slowly or quickly start to push lower then with a bit of luck and if I manage it well then I'll still be in the short trade which I'm currently in and this is why I constantly talk about the importance of remaining neutral in trading so that you don't become too attached to a bias. With regards to my potential long trade on CAD/JPY I'm just being a little bit careful where the tight one hour bull flag that's formed is concerned. a) Because there have been two subsequent one hour corrections since the move up which broke and retraced back above our previous daily low and b) Because the Canadian dollar is trickling up against several currency pairs across the board making some kind of sell off more likely which would make it more likely that I could be tagged in and tagged out of this trade. So what I'll be doing is waiting to see if price will give us an ever so slightly flatter bull flag, that it so say one where the gradient of the highs at the top of it doesn't have quite as much of a descent to it before I look to get long on the break of it, especially since it's also starting to become wider and wider relative to the impulse up which preceded it. But without further ado today's forecast is listed below. Have a great day and a great weekend and I'll be back on Monday morning with another one of these forecasts! CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. SUGAR/USD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. EUR/CAD: • 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 a reduced risk entry on the break of the flag. • 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. CAD/JPY: • If price impulses up, it does so in a convincing manner and a 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 price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • 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.
by StewySongs
2
CHF/JPY, SUGAR/USD, EUR/CAD and CAD/JPY on watch for me today.Good morning guys and girls, I hope you're well. Before I explain what I'll be looking for today let me just say before I forget that I made a slight mistake with my forecasting yesterday morning. By that I mean that what I said I'd be looking for from each pair beside the bullet points which I list beneath each currency pair subheading in my forecast description was actually what I said I'd be looking for from the pairs which I had on watch the previous day, which is why you might have noticed that what I said I was looking for was at odds with what I said I'd be looking for in the callout bubble descriptions on my screenshots. As you may or may not have guessed I use a template for the text in my forecast descriptions and I changed the currency pair subheadings to reflect the pairs that I was looking for yesterday, but I forgot to change the bullet points beneath them before pasting them over to TradingView, hence why the latter were my entry requirements for the pairs which I had on watch the previous day. Thankfully there will be no such problems this morning. Moving on and I'm currently running at just over +1.5% profit with my EUR/CAD trade. Whereas I would normally lock in profit above the highs I locked in profit more aggressively just above our most recent swing low as price approached the bottom of structure where a reversal is much more likely and although it does look like a tight bull flag has formed to push back up it's important to note that price never quite broke our previous low on the daily chart and that the bull flag is becoming very wide relative to the impulse up which preceded it, making perhaps a slow trickle down to this liquidity point more likely. So I have EUR/CAD on watch again today for this reasons for a potential buy if price does break our stand out daily low. If it does and we got a strong one hour close below it I will lock in profit just above the daily low and then be ready to flip my bias if I'm tagged out for around +2% profit in anticipation of a subsequent tight bull flag back above it which I'll be looking to get long on the break of and of course if that doesn't happen and we either slowly or quickly start to push lower then with a bit of luck and if I manage it well then I'll still be in the short trade which I'm currently in and this is why I constantly talk about the importance of remaining neutral in trading so that you don't become too attached to a bias. With regards to my potential long trade on CAD/JPY I'm just being a little bit careful where the tight one hour bull flag that's formed is concerned. a) Because there have been two subsequent one hour corrections since the move up which broke and retraced back above our previous daily low and b) Because the Canadian dollar is trickling up against several currency pairs across the board making some kind of sell off more likely which would make it more likely that I could be tagged in and tagged out of this trade. So what I'll be doing is waiting to see if price will give us an ever so slightly flatter bull flag, that it so say one where the gradient of the highs at the top of it doesn't have quite as much of a descent to it before I look to get long on the break of it, especially since it's also starting to become wider and wider relative to the impulse up which preceded it. But without further ado today's forecast is listed below. Have a great day and a great weekend and I'll be back on Monday morning with another one of these forecasts! CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. SUGAR/USD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. EUR/CAD: • 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 a reduced risk entry on the break of the flag. • 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. CAD/JPY: • If price impulses up, it does so in a convincing manner and a 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 price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • 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.
OANDA:SUGARUSD
by StewySongs
CHF/JPY, SUGAR/USD, EUR/CAD and CAD/JPY on watch for me today.Good morning guys and girls, I hope you're well. Before I explain what I'll be looking for today let me just say before I forget that I made a slight mistake with my forecasting yesterday morning. By that I mean that what I said I'd be looking for from each pair beside the bullet points which I list beneath each currency pair subheading in my forecast description was actually what I said I'd be looking for from the pairs which I had on watch the previous day, which is why you might have noticed that what I said I was looking for was at odds with what I said I'd be looking for in the callout bubble descriptions on my screenshots. As you may or may not have guessed I use a template for the text in my forecast descriptions and I changed the currency pair subheadings to reflect the pairs that I was looking for yesterday, but I forgot to change the bullet points beneath them before pasting them over to TradingView, hence why the latter were my entry requirements for the pairs which I had on watch the previous day. Thankfully there will be no such problems this morning. Moving on and I'm currently running at just over +1.5% profit with my EUR/CAD trade. Whereas I would normally lock in profit above the highs I locked in profit more aggressively just above our most recent swing low as price approached the bottom of structure where a reversal is much more likely and although it does look like a tight bull flag has formed to push back up it's important to note that price never quite broke our previous low on the daily chart and that the bull flag is becoming very wide relative to the impulse up which preceded it, making perhaps a slow trickle down to this liquidity point more likely. So I have EUR/CAD on watch again today for this reasons for a potential buy if price does break our stand out daily low. If it does and we got a strong one hour close below it I will lock in profit just above the daily low and then be ready to flip my bias if I'm tagged out for around +2% profit in anticipation of a subsequent tight bull flag back above it which I'll be looking to get long on the break of and of course if that doesn't happen and we either slowly or quickly start to push lower then with a bit of luck and if I manage it well then I'll still be in the short trade which I'm currently in and this is why I constantly talk about the importance of remaining neutral in trading so that you don't become too attached to a bias. With regards to my potential long trade on CAD/JPY I'm just being a little bit careful where the tight one hour bull flag that's formed is concerned. a) Because there have been two subsequent one hour corrections since the move up which broke and retraced back above our previous daily low and b) Because the Canadian dollar is trickling up against several currency pairs across the board making some kind of sell off more likely which would make it more likely that I could be tagged in and tagged out of this trade. So what I'll be doing is waiting to see if price will give us an ever so slightly flatter bull flag, that it so say one where the gradient of the highs at the top of it doesn't have quite as much of a descent to it before I look to get long on the break of it, especially since it's also starting to become wider and wider relative to the impulse up which preceded it. But without further ado today's forecast is listed below. Have a great day and a great weekend and I'll be back on Monday morning with another one of these forecasts! CHF/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. SUGAR/USD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • 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. EUR/CAD: • 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 a reduced risk entry on the break of the flag. • 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. CAD/JPY: • If price impulses up, it does so in a convincing manner and a 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 price only pushes up to and ideally just above our rayline, then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • 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.
by StewySongs
SUGARUSD EMA 10 EMA 20 Pin Bar TradeAfter a break out, wait for the right moment to enter. Don't be in a rush to enter the market. Wait for confirmation of the trade set up. If trade signal does not occur, then do not enter the market. For SUGARUSD, the confirmation signal occurred on February 4, 2021. See Pin Bar located at the EMA 10 EMA 20. After price breaks a horizontal key level, wait for the trade signal. Price may bounce around the horizontal support resistance key level. The signal may not fall neatly on support resistance level. Remember support resistance levels are areas. Be patient and wait for a signal to form in the area.
OANDA:SUGARUSD
by TradeLive-
EUR/CAD, USD/CAD, SUGAR/USD and EUR/JPY on watch for me today.EUR/CAD: • If price pushes down to 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 on the break of the flag. • If price convincingly impulses up above the lower descending trend line of our most recent piece of structure and a 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 neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/CAD: • If price pushes down to and ideally just below our rayline double bottom area, 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 a reduced risk entry on the break of the flag. • If price simply impulses back up into our larger flag, it does so in a convincing manner and a subsequent tight flag forms, then I'll once again be looking to get long with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. SUGAR/USD: • If price pushes up to and ideally just above our rayline double top area and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to and ideally just above our rayline double top area and it does so impulsively, then I'll be waiting for a convincing impulse back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/JPY: • If price pushes up to and ideally just above our upper outer structure trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply pushes down below our rayline double top area and the upper ascending trend line of our most recent piece of structure, it does so in a impulsive and convincingly manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
by StewySongs
USD/CAD, WTICO/USD, EUR/USD and SUGAR/USD on watch for me today.USD/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up followed by a tight flag and 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. WTICO/USD: • If price corrects and a clear one hour flag forms then I'll be looking to get short 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. EUR/USD: • If price pushes up impulsively above the corrective, it does so 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. SUGAR/USD: • If price pushes up to and ideally just above our rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to and ideally just above our rayline and it does so impulsively, then I'll be waiting for a convincing impulse back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
OANDA:SUGARUSD
by StewySongs
12
CAD/JPY, SUGAR/USD, GBP/JPY and EUR/GBP on watch for me today.CAD/JPY: • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short 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. SUGAR/USD: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper ray line, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/JPY: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper ray line, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/GBP: • If price pushes down to our rayline then regardless of how it does so I'll again be waiting for a convincing impulse back up above it followed by a tight flag and then I'll again be looking to get long 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.
by StewySongs
2
WHEAT/USD, GBP/USD, AUD/NZD and SUGAR/USD on watch for me today.WHEAT/USD: • If price continues to correct and a tight one hour flag forms then I'll be looking to get short 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. GBP/USD: • If price pushes up to and ideally just above our upper trend line or our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll be looking to get short 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. AUD/NZD: • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag and then I'll be looking to get short 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. SUGAR/USD: • If price continues to correct and a tight one hour flag forms then I'll be looking to get short 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.
OANDA:SUGARUSDShort
by StewySongs
AUD/JPY, EUR/GBP and AUD/NZD on watch for me today.AUD/JPY: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of our most recent piece of structure followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/GBP: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get long with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes down impulsively to and ideally just below the lower trend line of our most recent piece of structure, then I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price only pushes down to and ideally just below the lower rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up above it followed by a tight flag and then I'll again be looking to get long with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/NZD: • If price pushes up to and ideally just above our upper outer structure trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short 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.
by StewySongs
4
SUGAR/USD, GBP/USD, AUD/JPY and CAD/JPY on watch for me today.SUGAR/USD: • If price pushes down below our upper trend line and a tight flag follows, then I'll be looking to get short 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. GBP/USD: • If price pushes up to and ideally just above our upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above our most recent high, then regardless of how it does so I'll be waiting for a convincing push back down below the second touch of our most recent piece of structure and then I'll be looking to get short with a reduced risk entry on the break of a subsequent tight flag. • If price merely drops from where it currently is and it does so in a convincing manner to below the absolute low of our most recent correction, then I'll be looking to get short with a reduced risk entry on the break of a subsequent tight one hour flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of our most recent piece of structure followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. CAD/JPY: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes down below our upper rayline, it does so in a convincing manner and tight flag follows, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
2
GBP/USD, AUD/JPY, CAD/JPY and SUGAR/USD on watch for me today.GBP/USD: • If price pushes up to and ideally just above our upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/JPY: • If price pushes up to and ideally just above the upper trend line of our most recent piece of structure and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above the upper trend line of our most recent piece of structure, then I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above the upper rayline of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. CAD/JPY: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our upper rayline, then regardless of how it does so I'll again be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. SUGAR/USD: • If price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down below it followed by a tight flag and then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
OANDA:SUGARUSDShort
by StewySongs