Monday, July 14, 2008

Trade Alert (July 14)

Trend Trade: Look to sell the gbp/usd around 2.0-2.0050.

CT Trade: Look to sell the eur/usd around 1.6-1.6050.

CT Trade: Look to sell the aud/usd around 0.9750-0.98.

Trend Trade: Look to sell the nzd/usd around 0.7650-0.77.

Pick the setup you like and focus on it. The eur/jpy short is still working. It’s a countertrend trade so remember to manage it. We could get a few more chances at the trade. Be patient and let the trade come to you. Remember to manage the trade and keep your risk low.

No comments: