Your EUR/CAD trade is right on, except it looks like it took the 50% retrace this time around... if it came down and confirmed at the 61.8% level, I would go long there. Or if this current move makes a higher high, I would try and play off that next swing.
Same goes for the GBP/CHF... You've got the right idea, the right swing measured. Currently I would be measuring the next downswing that started mid december (around the 18th or so) and seeing how that grid plays out. Its just a wait game to see if she retraces appropriatly. Daily charts require a LOT of patience, but they pay off huge. I'm mock trading daily setups using FX options puts/calls and i think it will probably be my trade instrument of choice on all of my 4 Hr and Daily setups from now on. Just gotta find a good options broker now... i've spent 4 months searching for brokers now... its like the ongoing process from hell... lol!
Cheers mate! Let me know if you've got any other questions.
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