if this happens, look for 300-400 pips.

If we can get a spike higher of 100+ pips, I will be actively looking for opportunities to short this pair for a big move down into 1.1000. If we are patient with this pair, we should be able to grab 300-400 pips. I'll update this trade ideas as it progresses along.

Kommentera:

This currency pair how now broken out, it was a bit sooner than I was anticipating so I'm waiting for a 30-50 pip pull back to re-test the trend line, I'll draw a smaller trend line and sell the break there. With FOMC news coming this wednesday I don't anticipate anything too crazy happening until after.