Should price action for the AUDUSD remain inside the 0.8950 to 0.9000 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Long Position @ 0.8975 Take Profit Zone: 0.8750 – 0.8800 Stop Loss Level: 0.9100 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would like to place the order. Hedge...
Should price action for the NZDUSD remain inside the 0.8150 to 0.8200 zone the following trade set-up is recommended: Timeframe: H4 ...
We closed the third week of January with 95 pips in net profits. A total of two trades were closed this past week, both for profits. We closed our GBPUSD for 75 pips in profits as our stop loss order was triggered and our silver position was closed for a profit of 20 pips as our stop loss order was triggered as well. We had the following four trading recommendations this week: Monday, January 20th – AUDUSD Pending Reversal Rally; Long @ 0.8775 Tuesday, January 21st – EURUSD Trades at Support; Currency pair rallied before pending...
