1. Price breaks out in a manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further movement and reaching our next TP area ( 400 pips, also previous support )
2. Price breaks out our zone and makes a run down to our and TP of around 280 pips.
Now this is a swing trade so expect to hold it over the whole week, but we should get some rather impulsive moves as in Japan it is "Golden week" this is an extended holiday so there will be low liquidity involving all pairs during the Asian trading hours. This low liquidity can cause extreme market movements and flash crashes and seen before on 3rd January 2019 with JPY cross pairs ( get your chart up and have a look )
We are going to try and use these sudden big movements to our advantage and hopefully hit our target this week, We also have high impact GBP news on Monday morning and on Thursday we have 4 lots of high impact GBP news, so add this with the low liquidity in the markets we could see some crazy moves... Fingers crossed ;p
Obviously trade with caution and use correct risk management!
I am expecting to see quiet abit of movement with this pairing this coming week.