GBPUSD SELL (Uptrend)
Updated
So we had a clear W last week and feasted on the buys [see linked idea]
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously
Note
So we came short of the early breakout targets and are trading at the lows of the asian range.We may get a break to the down side and if we do, the low of the week may be tested or stops hunted
If we get a clear W early enough in NY, I'll be in a long position
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