GBP/USD and AUD/CHF on watch for me today.
GBP/USD:
• If price impulses down below all of our upper ascending trend lines and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short 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.
AUD/CHF:
• If price impulses down below our upper ascending trend line and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short 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.
• If price impulses down below all of our upper ascending trend lines and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short 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.
AUD/CHF:
• If price impulses down below our upper ascending trend line and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short 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.