EUR/USD Short
• If price pushes up to and ideally just above our area of value and it doesn’t do so impulsively, then I’ll be looking to get short with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or just below a one hour rejection from it.
• If I miss the risk entry, it isn’t clear, or price reaches my area of value impulsively, then I’ll be waiting for a subsequent impulse back down from my area of value followed by a tight flag and 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.
NZD/USD Short
• If price impulses down, it does so in a convincing manner and a 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.
AUD/USD Short
• If price impulses down, it does so in a convincing manner and a 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.
USD/JPY Long
• If price impulses up, it does so in a convincing manner and a tight 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.
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