TRADE SET-UP UPDATE

GBPJPY MTFM strategy set up has been invalidated. On AUDJPY it is still in play, right now price is sitting on the 200 EMA in the 15 minute chart.

USD has strengthened since the London open, giving us MTFM set-ups short on EUR, GBP, and AUD against USD. Wait for the lows of the last 4 hours to break then look for entries on the 15 minute charts. Note that 4H candles closing at 9am London time produce positive trades but are not usually the most optimal. Currently GBPUSD looks the best bet, but it is right next to last week's low which is a demand zone. AUDUSD could be smoother.