11SEP 15: Planning both short & long for short term
British Pound/U.S. DollarFXCM
Description
⋅ On 10 Sep, the price did not fall enough to reach my "buy zone" and reached my first target. (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.