The EURUSD is showing a sell signal and I would like to sell EURUSD at 1.3490 or higher. My first target profit would be the 1.3375. The second target would be 1.3228. Stop loss would be a close above 1.3576.
The NZDUSD fail to break the strong resistance once again at 0.8372 area. I now have a bearish view on the kiwi dollar and would like to sell NZDUSD at 0.8320. My first target would be 0.8170 and I would let the trade run before I decide my next target. The stop loss would be a close above the high recorded on Nov 6th, 2013.
I exited the balance of my NZDUSD sell trade at 0.8294 as the price was showing a short term buy. Made 147 pips from this trade.
From my mandate dated 04.11.2013 (for reference please click here), I mentioned that I would be looking for a GBPUSD short and I managed to short 1.6020 and 1.5993 as shown in the diagram above and below. I did not set a target profit in my update. Thus I am writing to inform that I would be taking my first level target profit at 1.5877 which is where the price is trading at this moment.
The second target profit is 1.5700 and the final target at 1.5463. All the best in your trades.
The GBPUSD has hit resistance and once again showing a sell signal. I would be shorting the GBPUSD at the 1.6059 area. I would be delighted if I could get a higher price. the stop loss would be a close above the high recorded in 2013. Do watch for this trade as it might turn into a gem trade. All the best.
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