Currencies Trading Ideas: US dollar holds ahead of Central banks action
EURUSD retrace from 0.9900
Trading Idea: Ranging
Entry point | Stop loss | Take Profit 1 | Take Profit 2 |
0.9870 | 0.9920 | 0.9810 | 0.9739 |
Comment: Trading within a bearish technical pattern favors the fall. However, RSI and MACD are flat which suggests range trading
Order Type: Sell STOP
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
GBPUSD holds above 1.1300 ahead of UK politics
Trading Idea: Ranging
Entry point | Stop loss | Take Profit 1 | Take Profit 2 |
1.1320 | 1.1420 | 1.1220 | 1.1058 |
Comment: Trading below the pivot point and resistance line favors the fall. However technical indicators are flat which indicate range trading.,
Order Type: Sell Limit
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
USDJPY stable after 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 flat which indicate range trading
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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