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GBP/AUD, USD/SGD, AUD/USD and NZD/JPY on watch for me today. for OANDA:NZDJPY by StewySongs

GBP/AUD:

• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, 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 price simply impulses back down below our rayline, it does so in a convincing 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.

USD/SGD:

• If price pushes up to and ideally just above the upper trend line of our most recent piece of structure, 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 price simply impulses back down below our rayline, it does so in a convincing 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.

AUD/USD:

• If price pushes up above our rayline, it does so impulsively 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.

NZD/JPY:

• If price pushes up above our rayline, it does so impulsively 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.

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