Thursday, June 16, 2011

20110616 - Trade Plans

GBPUSD











Bullish Bat pattern, however entry is placed just above 100% instead of at 88.6%, otherwise the SL will present too large a risk to cover the next support.

Entry 1.6076
SL 1.6031
TP1 1.6230
Trading Buddy Scale 8


NZDJPY











Bullish Butterfly pattern, coincides with 2 more Fibonacci levels. Entry placed at 127% retracement.
Entry 64.25
SL 63.90
TP1 64.90
Trading Buddy Scale 8


NZDUSD











Another Bullish Butterfly pattern.
Entry 0.7990
SL 0.7945
TP1 0.8060
Trading Buddy Scale 6

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