Expecting increase in volatility and trading range following release of Non-Farm Payroll at 8:30 AM EST.
Short @ 2164.00 (+/- 4 ticks); Stop: 12-16 ticks, Target: 36-48 ticks.
Long @ 2137.00 (+/- 4 ticks); Stop: 12-16 ticks, Target: 36-48 ticks.
These Levels mark the anticipated extremities of intraday price movement and form the backbone of an "intraday" COUNTER-TREND trading strategy.
SHORT between 50.25 & 50.40; Stop: 20 ticks; Target: 60 ticks or more.
LONG between 49.20 & 49.05; Stop: 20 ticks; Target: 60 ticks or more.
Short opportunity coming up on CAD/JPY. This pair is currently in a downtrend on the higher time frames.
Facing two Trend Lines and stalling indicating the Bears may be on the move gain! ;)
Anyone else holding positions on this pair?