Wednesday, January 24, 2007

Forex strategy

Hello Traders,

Important Today:
GBP - GDP and BOE minutes...

EUR-USD - yesterdays closed above 1,30 could be danger for bears but im holding short position, important will be todays close, holding short and watching...

GBP-USD - strong profit taking ahead of GBP data, wait for number if will be below expectations sell GBP on any rally. All important supports was taken out early morning.

USD-JPY - strong sell-off, but support at 120,80 ( i wrote about this yesterday ) holds, some bounce possible from this level...

Strategy: Buy 120,85 sl 120,65 tp 121,30

USD-CAD- exactly as i wrote yesterday, we saw fall below figure, it was good moment in my opinion to going long with sl below 1,1745...
Strategy: Holding Long sl below 1,1745 Tp 1,1850 for today

AUD-USD - Our short was stopped out, we took this position propably too fast, watch where we are now :( stand aside at this moment

Jpy - another buy signals....wait for confirmation and buy on dip


good luck
Piotr

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