nw7

11SEP 15: Planning both short & long for short term

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
32 0 0
On 10 Sep, the price did not fall enough to reach my "buy zone" and reached my first target. (https://www.tradingview.com/chart/GBPUSD/JtLcxOz0-10-SEP-15-Still-looking-for-long-retracement/)

Now, I am waiting for both short & long opportunities.



If the price does not break above the blue level (where it was my first buy target), I am looking for short. In order to sell, I would like to see;

- the candle closes around "A" box.
- If it does, I will look for short at rally below the blue line.
- the first target will be Daily BB-1SD.



If the price breaks above the blue level (where it was my first buy target), I am looking for long. In order to buy, I would like to see;

- the candle completly closes above the blue line on Daily.
- If it does, I will look for long at retracement next week.

If the market's movement is not what I would like to see, I will just wait until I can see a pattern.
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