ldiary

[REVISED] TRADING STRATEGY FOR WEEK 30 (25 - 29 JULY, 2016)

FX:GBPNZD   British Pound/New Zealand Dollar
36 0 1
This is a revised version of my strategy for next week.
It looks like we are about to complete an ending diagonal . Therefore, on Monday I will look for a chance to close all my short positions at break even. If there's no way I can do it, I will keep the short position and build more short around 1.92 level.
I will not attempt to make any long positions. I would rather close my current short positions instead; then re-position these shorts at higher altitude.
If the price drops aggressively then I will just put my stop loss at break even. I do not intend to add short position until I can be sure that the ending diagonal is completed, or, that the ending diagonal is not the correct pattern in this situation.
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