The week had 1 trade and was successful with a nice +47 pips short on AUDCAD.
The post with strategy throughout trade can be seen here...
Looking at EURGBP here with a trade idea...
The chart is a 3hr setup that I sometimes use when it gives a smoothing effect.
So this a a limit order idea to short if EURGBP test back up about 25 pips to .9150
just above there is the Volume profile POC Point Of Control and descending channel top
that I expect would be resistance.
Initial target and stop I like to start with 50 pips on each and adjust as trade evolves.
Alerts on the MACD Histogram help me monitor swings.
This being Saturday not placing this order and will not at initial market re open
because spreads are crazy high at first open.
By the time Europe opens Monday should know if this idea is still valid.
No rush and no action is fine with me. Live to trade another day.
