A very short-term short USD will be taken below here @ 107.90 following second break of yesterday's lows and potential consolidation towards 107.5.
BE @ 107.68, SL @ 108.12.
*** This set-up will be cancelled should we close above 108.34 on a 10min basis before we reach entry.
I will have a look at a fairly straightforward measured bearish move here, about 200 pips worth.
So with 3:1 RR that give us about 50pips SL and 150pips TP. Entered @ 1.4195, SL @ 1.4247 and TP @ 1.4038. BE is @ 1.4142.
A re-run of yesterday's short where BE was reached so I'm flat atm. The set-up is still active since 107.50 has not been breached and we're still mostly offered.
Levels the same, with entry @ 107.02, SL @ 107.27, and BE @ 106.77.
A look at a potential drop in cable. Would be positioned on a retest of today's lows area, @ 1.6077. SL at big figure and BE by 61.8& retrace of friday's bounce.
This set-up will be cancelled should we close above 1.6123 on a 10min basis before we reach entry.
Again, anticipating any bout of USD short covering following the recent sell-off, I will position myself bid USD against yen @ 107.52. Targets and stops will be close as this is only targeting a reversal of the most recent down leg.
BE target @ 107.74, and SL 107.31.
This set-up will be cancelled should we close below 107.09 on a 10min basis before we reach entry.
Anticipating a bout of USD short covering following the slight sell-off since the beginning of the week, I will position myself bid USD against yen @ 108.46. BE target below 50% retracement @ 10879, and SL 108.14
This set-up will be cancelled should we close below 107.81 on a 10min basis before we reach entry.
I have gone in again for a short following the double top and upside failure today. In @ 108.72 with SL at 109. Fairly tight seeing how choppy the pair has been lately but well, 30 pips in UJ is still fair enough protection against short-term adverse excursion on average.
I will have a look at a fairly simple UJ short here, playing the downward channel with protection below 109.
Entry at mid channel with breakeven target below yesterday's low @ 108.16
In @ 1.4211 and SL very close @ 1.4185 on previous candle retracement low although could have picked consolidation low just below 1.4160.
BE target @ 1.4238
I forgot to publish this earlier. Entry in GBP long as it tested highs.
Entry at 1.6366 on previous resistance break with SL @ 1.6327.
Breakeven target of 1.6405 was hit earlier before retrace so I'm flat GBPUSD now.
