Plan the trades at/around the confluence of tech levels in context of trend or a range.
Very important factor is how price go to a tech level/area, how fast etc., and what kind of candle signals/p.a signal. EMA signals/reversal pattern happen their.
Spot trade if you are watching the charts, or Leave pending orders around those levels in case it might happen overnight.
Levels At present:
USD/CAD: Bullish, look to buy on dips to tech levels(with a buy signal)
Buy zones:
1.1015
1.0971
1.0928
usd/jpy
Sell zones:
102.85 - 103.10 area
103.40 -103.60 area
Buy zones:
101.50 - 101.30 area
100.60 area (+, - 10 pips)
GBP/USD
buy zones:
1.6450 area
1.6408 area
Sell:
if pull back and give sell signal
Very important factor is how price go to a tech level/area, how fast etc., and what kind of candle signals/p.a signal. EMA signals/reversal pattern happen their.
Spot trade if you are watching the charts, or Leave pending orders around those levels in case it might happen overnight.
Levels At present:
USD/CAD: Bullish, look to buy on dips to tech levels(with a buy signal)
Buy zones:
1.1015
1.0971
1.0928
usd/jpy
Sell zones:
102.85 - 103.10 area
103.40 -103.60 area
Buy zones:
101.50 - 101.30 area
100.60 area (+, - 10 pips)
GBP/USD
buy zones:
1.6450 area
1.6408 area
Sell:
if pull back and give sell signal
Never Trade without a defined risk, never, never, never.