Setup ( Blue ) - D leg completion 114.535
Target 1 - 115.664
Target 2 - 116.363
Setup ( Grey ) - D leg completion 115.538
Target 1 - 116.280
Target 2 - 116.744
Setup ( White ) - D leg completion 116.376
Target 1 - 116.806
Target 2 - 117.076
Setup's: Stop loss would be placed below X leg .
Setup: Stop loss would be placed below X leg .
We can only look to take positions once price pulls back to a D leg completion.
If the market continues in the opposite direction we simply close any pending orders.
If you have anymore questions don't hesitate to contact me.
There are multiple ways to approach this topic as it all depends on your trading experience, strategy, trading timeframe ect.
Every morning you can run a tick sheet giving a (X) to currencies that from your analysis are weak and (o) to those currencies that are strong.
e.g from your technical / fundamental analysis the JPY is weak, and on the other side of your analysis the GBP is strong, so you would look to take a position on the GBP.JPY long.
Of course the information above will only be beneficial depending on your strategy and other key factors.
I hope that helps a little and answers your question.