GBPUSD SELL (Uptrend)

So we had a clear W last week and feasted on the buys
Technical in an uptrend move with the first V coming

With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high

The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously

Yorum:

So we came short of the early breakout targets and are trading at the lows of the asian range.

We may get a break to the down side and if we do, the low of the week may be tested or stops hunted

If we get a clear W early enough in NY, I'll be in a long position