Trade 4 Short GBPNZD (+122 pips)
One of the trads from the Top forex set up section of the website, a full write up on the potential for GBP shorts is there.stoploss to cover recent swing high, profit target is at 100pips but i will be looking for my usual 35 pips if i can get them
Trade 3 Long NZDUSD (+30 pips)
I have been trading this short of late however my Bearish view was halted when the pair moved above aprice invalidation level at 0.6950. Although the longer term pattern is probably still down there is now potential for a short term rise. This goes well with the position of the USD generally whcih looks quite negative in the short term. Trade was taken when the pair closed above y red trigger line suggesting uoside resistance has capitulated, the technicalpicture is very typica of my short term trading
Trade 2 Long NZDJPY (+18 pips)
Decided to add this pair rather than increase the EURJPY, it passed a previously identified trigger line this morning and my NZDUSD forecast has changed to bullish when price passed an invalidation line for my bearish view. If it wasn't Monday morning I would have taken this as a Project 100 trade.
Trade 1 Long EURJPY (+35)
Apullback this morning makes this trade look good again. We did well with it on Friday, a close at new high over the trigger line will be enough for me to double this trade, currently it is only half size. I think the EURJPY has a long way to run and will keep lookingto buy it after each three wave pullback.