EUR/USD and GBP/JPY on watch for me today.

137
EUR/USD:

If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag.

If price breaks below our 90% rule I'll be looking for risk entries within a more developed a one hour flag, but with my stop loss above the 90% rule for protection as illustrated.

If price retraces back into our pattern then I'll flip my bias and I'll be looking for reduced risk entries after a tight flag for a short term move to the upside.

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 I will not place any of these trades.

GBP/JPY:

If prices pushes above our wick and then impulses back down I'll be looking for reduced risk entries below a subsequent tight flag.

If prices pushes above our wick and then impulses back down a little lower than the previous example I'll be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.

If prices pushes above the top of structure and then impulses back down a little lower than the previous example, I'll again be looking for reduced risk entries below a subsequent tight flag, hiding my stop loss behind structure as illustrated so long as doing so gives me at least a 3:1 risk/reward to the low of structure.

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 I will not place any of these trades.

כתב ויתור

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