Daily Battle Plan

[John Steedman]

Hi,

GBPUSD Sell bias, Buy counter trend.
Fibo 38.2% target but close to MOR.
Intention = wait.
Declarations 0430 GBP Services PMI.
0815 USD Non farm payroll.
1000 USD Non manufacturing PMI.

EURUSD Buy bias.
Fibo 100% target at 1.14575, confluence with untested resistance at 1.14530.
Golden cross = Buy at 1.12742.
Intention Buy, review near declarations.
Declarations 0745 EUR Interest Rate.
0815 USD Non farm payroll.
1000 USD Non manufacturing PMI.

EURGBP Buy bias.
Resistance at 0.74406, confluence with 100% Fibo at 0.74403.
Golden cross Buy at 0.72668.
Intention Buy, review near declarations.
Declarations 0430 GBP Services PMI.
0745 EUR Interest Rate.

AUDUSD Buy bias, counter trend.
Resistance at 0.81038.
Support at 0.75911.
Fibo 100% target.
Fibo 61.8% target.
Support at 0.77718.
Intention Buy at 0.77860, SL at 0.77713, review near declarations.
Declarations 0815 USD Non farm payroll.
1000 USD Non manufacturing PMI.
2130 AUD retail sales.

Charts attached.

Cheers,

John (exhausted!).

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[Rich Fitton]

Good work John 🙂

How does it feel to know you’d have this defined focus going into the day, would it help you trade with more discipline do you think?

[John Thurlbeck]

Hi Rich ahd fellow students
Another module completed!

Battle Plan 08/06/15

EURGBP Currently above MOR (Buyers control phase)
Potential resistance from trendline
Resistance level placed at 0.74000 (round figure number)
Levels to watch 0.75123 (138.2 fib) If price pushes through round figure

It would of been a great trade earlier in the day as it moved positively away from DOR
As its now late in the trading day i would stand aside and wait for
possible pullback before considering going long.

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[Rich Fitton]

Hi John, looks like good logical analysis to me 🙂

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