IDENTIFY: Price is in the sells territory and maintaining the downward trend
PLAN: So looking at going short, because of the daily bias. Currently in a range building up orders. If Support is Broken I am going short on retest.
TRADE: Place Sell Stop order, anticipating a continuation to the downside after the pull back. Or Sell limit on the test of the resistance.
NB: Use risk management to determine the Stop Loss and Take Profit
PLAN: So looking at going short, because of the daily bias. Currently in a range building up orders. If Support is Broken I am going short on retest.
TRADE: Place Sell Stop order, anticipating a continuation to the downside after the pull back. Or Sell limit on the test of the resistance.
NB: Use risk management to determine the Stop Loss and Take Profit
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GBPJPY:SHORT
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