I am looking at these 2 zones to take a short from, I think a lovely short entry was beginning to form for the pair just before trading finished on Friday night. that could also ruin the trade because there will be many more factors effecting this pair come Monday.
if we break higher I am looking at the slightly larger green box to take a larger short position. that will also give the pair time to come into OTE range for Monday's NY open which would of course, be ideal for a short.
we did see a big volatile move down but if you look at the history of the pair the last time we seen a volatile move down we recovered to new highs so time will tell I am posting this to remind myself for Mondays open.
if any of these trades play out we are looking to break the previous low aiming for around the 50 pip TP SL just above previous high.
if we break higher I am looking at the slightly larger green box to take a larger short position. that will also give the pair time to come into OTE range for Monday's NY open which would of course, be ideal for a short.
we did see a big volatile move down but if you look at the history of the pair the last time we seen a volatile move down we recovered to new highs so time will tell I am posting this to remind myself for Mondays open.
if any of these trades play out we are looking to break the previous low aiming for around the 50 pip TP SL just above previous high.
