Sterling Dollar primary swing Short 3/9
Tomorrow - NFP will be released. The ADP recorded yesterday a dismal 374K.
If the NFP records a dismal # tomorrow too, there will possibly be a strong spike in sterling against the dollar.
I will take this as a sell opportunity, to sell a rally in the Elliot structure shown on the chart.
I will sell 1/3 size @ 1.3840
1/3 size @ 1.3890
& final 1/3 size @ 1.3960
Stop on all at 1.4050. Ave ~1.3895. Target 1.3500.
I would keep risk < 3% on a 10k account, & <10% on a 3k account. Trade size can be calculated & distributed been the levels accordingly.
Profitable Trading
Summerset
If the NFP records a dismal # tomorrow too, there will possibly be a strong spike in sterling against the dollar.
I will take this as a sell opportunity, to sell a rally in the Elliot structure shown on the chart.
I will sell 1/3 size @ 1.3840
1/3 size @ 1.3890
& final 1/3 size @ 1.3960
Stop on all at 1.4050. Ave ~1.3895. Target 1.3500.
I would keep risk < 3% on a 10k account, & <10% on a 3k account. Trade size can be calculated & distributed been the levels accordingly.
Profitable Trading
Summerset
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.