Watching for PA at POC level for intrading short setup
Triggered limit orders of the first short of CADJPY.
My last trading plan after short AUDUSD and CADJPY. Sor far, so good. Can be an aggressive entry For a conservative entry, wait for a confirmation. Today, ECB news may be the source for 1st impulse wave.
Short CADJPY at a monthly resistance level. Today has the BOC and CPI reports which are expected to contribute some momentum for the price.
This is an aggressive entry for buying EU. For a conservative entry, wait for a confirmation signal before entering the trade.
So far, so good. Close hedge sell yesterday night. Open two more buy position.
Last wave up also can be a chance for a short entry. If the price it the TP3 level and the supply appears, so short EURUSD for intrading 15-20+ pips. **Today has ECB new (EUR) and Core retail news (USD). So watch the PA for confirmations and trigger a market order instead of a limit order.
Last trading setup for EURUSD in this uptrend. If the price clear break through the TP2 and re-test it successfully, so long to the TP3 level. **Remember, it can be the last up wave this week, so please carefully consider your risk.
Here is my play setup. TP1 and TP2 are expected to be hit today. For a longer play, we need to see more PA in the next couple of days.