NZD/USD, USD/CHF and AUD/JPY on watch for me today.
NZD/USD:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do 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 below our upper rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our upper rayline, then once again regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for 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 any of these trades.
USD/CHF:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do 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 below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our rayline, then once again regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for 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 any of these trades.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to and ideally just below our lower trend line, then regardless of how it does so I'll be waiting for a convincing push back up above our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to and ideally just below our lower rayline, then once again regardless of how it does so I'll be waiting for a convincing push back up above our lower rayline followed by a tight flag where I'll be looking for 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 any of these trades.
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do 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 below our upper rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our upper rayline, then once again regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for 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 any of these trades.
USD/CHF:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do 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 below our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes up to and ideally just above our rayline, then once again regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for 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 any of these trades.
AUD/JPY:
• I will not be trading this pair until we know for certain who has won the 2020 US Presidential Election, but if once we do price pushes down to and ideally just below our lower trend line, then regardless of how it does so I'll be waiting for a convincing push back up above our rayline followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If price only pushes down to and ideally just below our lower rayline, then once again regardless of how it does so I'll be waiting for a convincing push back up above our lower rayline followed by a tight flag where I'll be looking for 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 any of these trades.
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