EUR/USD Bearish View

Above are EUR/USD monthly and daily charts. I tried to count the wave on monthly chart which suggest that the pair is on the third correction wave (c). The bottom of wave 4 is at 1.1639, just between the 50% and 61.8% retracement level of 0.8225 to 1.6037.

On daily chart, the pair already broken 61.8% extension of 1.5140 to 1.4217 from 1.4577. The 100% projection is around 1.3660 and 161.8% around 1.3090. Set your stop loss and let the pair fall guys!

GBPJPY Setup 11-01-10

Hello..this is my first post this year ;) Ok, here is my setup for GBP/JPY using hourly chart. I have a short entered at 148.30 from Friday. At this moment I am hoping to see a break below 5-day EMA. My final target is at 147.06 but there are several support levels along the way to 147.06 as shown in the chart. Stop loss should be the current top at 149.49.