BIG LONG SHOT HERE AND WE ARE LOOKING FOR A BUY PRIOR TO NFP. AS YOU CAN SEE THE ASCENDING CHANNEL IS HITTING ITS 3RD POINT WHICH IS THE MOVE WITH THE HIGHEST PROBABILITY TRADE.
BRILLIANT RISK TO REWARD RISKING 40 PIP TO GET 200 PIPS.
AS SOON AS PRICE GOES 30 PIPS BULLISH WE WILL MOVE STOP LOSS JUST INFRONT OF ENTRY TO PROTECT CAPITAL.
IN COHESION WITH THIS I ALSO SEE A SELL OFF PRIOR TO NFP FOR USDJPY WHICH USUALLY HAS AN OPPOSITE EFFECT TO GBPUSD: MEANING IF GBPUSD GOES UP USDJPY GOES DOWN.
BRILLIANT RISK TO REWARD RISKING 40 PIP TO GET 200 PIPS.
AS SOON AS PRICE GOES 30 PIPS BULLISH WE WILL MOVE STOP LOSS JUST INFRONT OF ENTRY TO PROTECT CAPITAL.
IN COHESION WITH THIS I ALSO SEE A SELL OFF PRIOR TO NFP FOR USDJPY WHICH USUALLY HAS AN OPPOSITE EFFECT TO GBPUSD: MEANING IF GBPUSD GOES UP USDJPY GOES DOWN.
Comment:
price hit stop loss in profit