After a rather choppy week last week with a lot of red folded news we have seen the British pound Japanese yen push into a bullish movement this tells us that we look for the bullish continuation we have located our last swing low and our last swing high giving us a new bullish range we are going to look to buy this higher targeting the high of the range created on Friday the POI and stop loss is very tight with this so I would use your own risk management rules to assure that you do not get tapped out either leaving more room with the stop loss or reducing your position down South that if you do get tapped it will not affect your account massively.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Order cancelled:
POI on longer valid
