Trading Naked - The Trading Plan

A trend line break to the upside during last Friday’s session puts the intraday bias on the EURUSD bullish. The blue pivot point on the chart marks the line for my bias:\

Above 1.4400 I am looking for viable long entries with three likely targets for the day - 1.4515, 1.4560, 1.4635

Below 1.4400 I am looking for viable short entries with two likely targets for the day - 1.4345, 1.4300


I believe that the AUDUSD will continue it’s uptrend, with support coming from the lower channel trend line.

ENTRY: 1.0505
STOP: 1.0450
TARGET 1.0650


Aud is notorious for continuing trends!