CableTraders

GBP/USD Monday and Tuesday Intraday Plan

FX:GBPUSD   Paun British / Dolar A.S.
Good morning!

I stand by my range call previously made- however, the range is now 1.21-1.2270.

I expect an inside week, until NFP where direction will be chosen.

Monday I expect a tight range, with a news heavy week- scalps around 30 pip take profit level only.

Tuesday I expect Last weeks high area to be tested- there's also a high volume node around 1.2240 to watch. After that, sells throughout the day.

Care must be taken with confirmations and trading your chosen intraday model/setup.

Invalidating this idea would be a clear break above Last weeks high (not just a stop hunt).

Good luck- trade carefully given the news heavy week

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