AUG 2 -AUG 7 WATCH LIST




AUDJPY: Range Breakout. Can We Trust It?

Plan A: Range breakout and retest with a 50 fib confluence. False break? Could be to trap buyers. If buyers can stay above 75.5, I will look to buy up to previous high.
Plan B: If price drops back within the range that would signal buyers weakness. Will look for short opportunities. I’m still favoring the sell. Safe entry would be to wait for price to break previous low 78.26.


EURAUD: Bullish Flag. Continuation Up?

Plan A: Wait for the breakout
Plan B: Price could drop down to retest SQP 1.6375


EURJPY: Correction Phase, Buy The Dip

Looking to buy after the pullback. Want to see a drop down to the golden pocket, 61.8 – 71.0 fib zone. Look for some bullish PA at key fib levels.

EURNZD: Headed to 1.8000 After Retest?

Looking to buy after the pull back. Expecting price to go up to retest the MQP 1.8000.

GBPAUD: 38.2 Rejection. Ready For The Next Impulse?

Plan A: Multiple rejections at the 38.2. Could correct a little more and form a bull flag before the next impulse leg.
Plan B: Price could drop down for the 3rd touch of the TL which also has a 50 fib confluence.

GBPJPY: Headed To 140.00 After The Correction?

Plan A: I want to see a retest of the LQP 137.50 which also has a 71.0 fib confluence.
Plan B: Could form a bullish flag instead

GBPUSD: Will 1.3000 Act As New Support?

Plan A: Looking for a retest of the MQP 1.3000. Buy the dip if you get some bullish PA at that level.
Plan B: Could get a deeper retracement down to retest the TL which has a LQP 1.2750 and 61.8 fib confluence.

CADJPY: Descending Channel Breakout. Buy After the Correction

Plan A: Want to see channel resistance act as new support. That would also give us a 50 fib confluence.
Plan B: Could form a bullish flag. Look for this pattern on the lower time frames like M15.

Updated: July 31, 2020 — 6:56 pm

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