Currencies Trading Ideas: US Dollar stays strong even after alleged Japan Interventions
EURUSD pulls back towards 0.9800
Trading Idea: Ranging - Bearish bias
Entry point | Stop loss | Take Profit 1 | Take Profit 2 |
0.9870 | 0.9920 | 0.9810 | 0.9739 |
Comment: Trading within a horizontal channel suggests range trading. However RSI and MACD suggests reversal to the downside
Order Type: Sell Limit
Risk-reward ratio (SL to TP 1): 1:1.2
Risk-reward ratio (SL to TP2): 1:2.618
GBPUSD edge higher slowely
Trading Idea: Trending higher
Entry point | Stop loss | Take Profit 1 | Take Profit 2 |
1.1400 | 1.1320 | 1.1480 | 1.1609 |
Comment: Trading above moving averages and the pivot point favors the rise. However breaching the resistance line is required to confirm the trend
Order Type: Buy STOP
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
USDJPY steadies near 149.00 after alleged Japan intervention
Trading Idea: Ranging
Entry point | Stop loss | Take Profit 1 | Take Profit 2 |
149.60 | 148.60 | 150.60 | 152.20 |
Comment: Trading near the pivot point and between moving averages favors the rise. RSI and MACD are heading north which indicates bullish control.
Order Type: Buy STOP
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
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