NZDUSD Short Setup

NZDUSD 4 HR Chart

I am looking to try a short trade in the .8250 area with a stop at .8320 and target of .7950.  As noted on the chart, this is a 4.7 to 1 RR. 

Another thought is to short a break of the (B) wave low with a stop at the (A) wave high.  If the (B) wave low is broken before the (A) wave then I wold change the count making (A) a circled 2 and (B) a 1 with the current rally a 2. 

I do not expect an entry on this until late in the week or even early next week.

Good Luck

USDJPY Long?

USDJPY 4 HR Chart

Will be looking to get long the USDJPY on the test of the 50% retrace.  The pair should also be testing the bottom trendline of the bull flag as well.  I will be using a 15 or 30 minute Hiekin Ashi chart to enter to reduce my risk. 

EURAUD: Starting wave III of 5?

EURAUD Daily

The count on the Daily chart is a lot more bearish then what I have seen out there.  Most have what I have labeled as the red circled I as wave 3 and the move up as wave 4 rather then wave II that I am showing.  I like this count better but we will have to see howit plays out.

EURAUD Hourly

Seems like a lot of 1,2's here to get this third wave of 5 going but if it is correct then it should start to fall hard before breaking above 1.2687.