Traders, I'm cutting USDJPY here and looking to get short EURUSD instead. I think the buck could be in for a bounce, plus Gold is bumping up against Wave 4 resistance looking poised to turn lower for another run. EURUSD has completed a A-B-C move up in Wave 4 into Fib resistance. Notice wave C extended and sub-divided into 5 clean waves. The break down is 1.5615, and I target 1.5530 at the prior wave iv. (forex.com)











Pair: EUR/USD
Timeframe: 15m
Technical Trigger: For the time being, I think the Euro has topped out, a correction is needed, not to mention that stochastic and bollinger bands are working perfectly well.
Direction: Short
Price: 1.5625
Target: 1.5575
Comment: -
Status: Closed (Stopped out...grrrrr)

Pair: USD/CHF
Timeframe: 15m
Technical Trigger: Stochastic has crossed below 50 level again while the Bollinger Bands continue to slide (Bearish continuation trend at this moment).
Direction: Short
Price: 1.0090
Target: 1.0050
Comment: -
Status: Closed (40 pips)