After the strong breakdown last month, I have been waiting for an opportunity to get in on the bearish momentum. These are 2 scenarios that I believe have a high probability of playing out.
As I've said before, just because I have a strong bearish bias it doesn't necessarily mean I'm going to go put on a position straight away. What I need to see at either of these areas is a nice rejection on the daily/weekly timeframes and a intra-day trend change. In doing this, it gives me a higher probability that my position will work out.
This Pair is ripe for a short.. i will put a micro lot on, leave it running and when it starts to turn green i know we are heading down..
joshdonoghoe
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@Tradingsniper, Nice! still waiting for an intra-day trend change myself in order to get in. This position also correlates great with my current GBP/JPY short from 07/06/2018 which is still running.