Market

EUR/GBP, USD/JPY, EUR/NZD and SOYBN/USD on watch for me today. for OANDA:SOYBNUSD by StewySongs

EUR/GBP:

• 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.

USD/JPY:

• If price pushes down below the upper ascending trend line of our most recent piece of structure, 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.

EUR/NZD:

• If price impulses up above our most recent high, it does so in a convincing manner and a tight one hour flag forms, 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.

SOYBN/USD:

• If price corrects and a tight one hour 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.

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