Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

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Wednesday, December 17, 2008

EUR/CAD: Short entry 1.7356 Up 200 pips!

EUR/CAD hit the 1.73 level and shortly after it did I entered a short with a 200 pip stop above the entry. It has since moved lower and I have adjusted the stop to lock in 100 pips profit. I feel this pair is building a short entry as the CAD is oversold. I will elt this trade ride and if my stop gets hit I'm up 100 pips and I'll again look to short it.

The Euro is experiencing a bounce and it's likely purley technical but their eco-data is not doing to bad so maybe it might not be a tech bounce. Nonetheless I am short on this pair for now as I see more potential on the short side than on the long side at this high price level. For now I'm right and I'm up 200 pips
Posted by FX_Trader at 10:57 AM
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1 comment:

  1. InfinityDoseDecember 18, 2008 at 1:02 AM

    holy crap, 28 pip spread on EUR/CAD... i'll stay out of this one, even though it still looks like a good short.

    ReplyDelete

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