Thursday, December 7, 2017

Forex Tecnical analysis and power of risk management

Forex trade Idea
Sell Eur/cad @1.5159
Stops @ 1.5230
Target 1st 1.5000
Second
1.4830

I will update the blog later

Wednesday, November 29, 2017

Trading signals for gbp & euro on 30/11/2017

Buy Gbp/usd 1.3472 stops around 1.3238
Target 1.3510

Price hold the area of 1.3438 for the whole day but was finally breached after US close. Look to target the psychology number around 1.3500 and this area is also 5 years low & hold the prices there for quite a long time, so expect longs profits to be taken out but seeing at the rally I am expexting new cash flow and we will see new yearly high soon.

Pending sell limit euro @ 1.1850 with stops arounf 1.1885 & target 1.1810 euro usd shorts both the target hit +40 for euro & closing gbp/ usd for -12 pips.

Tuesday, November 28, 2017

New zealand dollar intraday signals

Trading signals given time 06:30 A.m GMT SELL stop @0.6905
Stop 0.6923
Target 0.6870
Risk to Reward 2:1
Price has hold on to levels below 0.6905 since the yesterday close of US market. Next intraday support on hourly chart is around 0.6970. I will short at retest as there could be orders pending to catch the stops few pips above this level.