GBPCHF 9/30

Pair in a strong downtrend.

 USDCHF near parity, 

GBP pulling back a little.

price alarms set @ weekly lows of 1.5350

Current FAS (or maybe bounce) on 4hr

Question: How to play the pair? Slingshot(during or even before price alarm)? How to put a target if enter? Target the low price back in early 2009(1.5120)? Should we looking for a buy opportunity instead?

GBPJPY 9/30

GBPJPY

plan: Short

Analysis: River trade

• Weak JPY; GBP retracing off strength
• W1: in a downtrend.
• D1:

1. in a downtrend; 
2. retested river(100 EMA) & reversed; 
3. fress cross leaving the river (downward)

• H4 

1. strong angle & separation down;
2. 5&12 EMA's leaving the river

Plan:

Stop Loss=   134

Target #1=128

Target #2= 1.26.75

Question: h4& D1 chart is it a bull flag?

EURAUD

plan: Long

Analysis:[Candlestick charts]

• W1: strong downtrend; currently pullin back, price action broke (candle) lows from early May & late June of this year.
• D1: channel uptrend after massive downtrend, still below the river
• H4: Uptrend currently retracing; previous retracement cycle seems to bounce right off the river....looking to go up. Possible bull flag, looking to break to the upside.
• Currency: EUR seems in a strong, not much retracements lately, seems like most traders are long EUR & holding w/ low amount of profit taking.  Most EUR pairs still have away to go in terms of EUR strength[such as EURUSD & EURGBP].  AUD been strong, but seems to be over bought.  Few pairs are @ significant highs(or lows) in terms of AUD strength[such as AUDUSD, AUDCAD]. Possible time for AUD to sell off a little while EUR strength might continue.

Looking for a bull flag break on the H4, maybe watching if candle closes above 1.4050, if not buy alarm @ 1.4100 w/ heatmap confirmation. Slingshot is great, but not necessary.  EUR strength or AUD weakness should be good. 

Stop Loss: 1.3950 (but watch for H4 cross)
Target: 1.4400 area & above