Looking at the weekly channel:
1. Close today/week above the 1.9550 area we will be in the bottom of the top channel of Andrews Pitchfork.
2. Close below 1.9550 area we will be in the top of the bottom channel of the Pitch.
This would help us in trading for next week, which would be like this:
If 1 happens - we would go back up on the weekly to around 1.9860 to the top of the channel.
If 2 happens - we would go down on the weekly to around 1.9270 for the bottom of the bottom channel.
My Trades for the next two week:
(I am going to be gone but still trading blindly)
Still open - I had 1 Entry Short at 1.9720 to target at 1.9340 - could bank 380 pips if completed.
I had 1 Entry Short at 1.9743 but changed it just now to 1.9840 for the jump up for next week if it happens while I am gone, target for exit will be 1.9620
Trust in the system, and let it run without watching for 2 weeks, I must be a crazy trader for doing that.
I will see either losses, or gains when I return - will let you know the outcome then.
Monarch
1. Close today/week above the 1.9550 area we will be in the bottom of the top channel of Andrews Pitchfork.
2. Close below 1.9550 area we will be in the top of the bottom channel of the Pitch.
This would help us in trading for next week, which would be like this:
If 1 happens - we would go back up on the weekly to around 1.9860 to the top of the channel.
If 2 happens - we would go down on the weekly to around 1.9270 for the bottom of the bottom channel.
My Trades for the next two week:
(I am going to be gone but still trading blindly)
Still open - I had 1 Entry Short at 1.9720 to target at 1.9340 - could bank 380 pips if completed.
I had 1 Entry Short at 1.9743 but changed it just now to 1.9840 for the jump up for next week if it happens while I am gone, target for exit will be 1.9620
Trust in the system, and let it run without watching for 2 weeks, I must be a crazy trader for doing that.
I will see either losses, or gains when I return - will let you know the outcome then.
Monarch