Channel is finally breaking out- look for 100 pips
I feel like a broken record, I talk about 100 pip trades all day long, the funny thing is 100 pips is hard for some people to make, if you're one of those people then bask in this set up!
THE DETAILS:
1) this could pull back now or lower around the 1.0035 area, either way be ready to short that pull back at/around 1.0060-80 area
2) I'll have stops above 1.0150, I don't want to fight this trade if it can't stay below the break out zone
3) watch for support/bounce around 1.0035 but I'm ultimately waiting for 0.9950 area for profit target
THE DETAILS:
1) this could pull back now or lower around the 1.0035 area, either way be ready to short that pull back at/around 1.0060-80 area
2) I'll have stops above 1.0150, I don't want to fight this trade if it can't stay below the break out zone
3) watch for support/bounce around 1.0035 but I'm ultimately waiting for 0.9950 area for profit target
Jared Johnson
Union Hedge Funds
Union Hedge Funds