#GBPjpy -- 200 pip swing? My trade plan for the week
Ahead of the opening Sunday night, here is my trade plan for the week: Most trades will be to the short side and may present multiple opportunities, yielding potential for 200 or more pips!
For this week. I'm looking for a move back up into the large yellow zone, where depending on price's movement, will effect a trade; could be at the open, could be later on.
First initial target will be breaking last weeks LO's @ around 143.80/50. With previous LO's from October, I would expect a bounce upwards, and if high enough, present yet another opportunity to accumulate a short position within the larger yellow zone, in either case, targeting lower LO's just under the October and early September LO's @ 143.00/142.50.
For this week. I'm looking for a move back up into the large yellow zone, where depending on price's movement, will effect a trade; could be at the open, could be later on.
First initial target will be breaking last weeks LO's @ around 143.80/50. With previous LO's from October, I would expect a bounce upwards, and if high enough, present yet another opportunity to accumulate a short position within the larger yellow zone, in either case, targeting lower LO's just under the October and early September LO's @ 143.00/142.50.
Comment:
Started to accumulate a short position at 144.90/145.
Comment:
Closed out single position from 145 for small loss. Waiting for signs of reversal as anticipated. However, also on the ready to flip my thesis and be ready for probable long plays a bit higher.
Always on the alert.
Always on the alert.