ROCK SOLID TRADING TEAM
During the Europe session GBP/USD sold Off against the dollar for a 49 pip gain then just before the American session we sent out a signal to bank profits and bring stop loss to break even as there was American Data that we anticipated may have affected our position..
Which in the end the GBP rallied taken us out at break even with partial profits gained.
We still now may see the GBP give another Push towards 1.6220/25 failure here and a break of the long term trend line will confirm a @ 162.20/25 correction and bring another push down in the pound.
However we shall watch Mr Price for development.
USDCHF
With American Data Looming With scalped 15 pips with a risk free trade into the American Session
We were taken out at break even on the mixed to low confidence data from the US
With the break of Support at 0.9078. we now expect a small rally then further declines to 0.9023
EURUSD
EURGBP
We quite Simple we believe the GBP is stronger than the EURO with an aggressive sell signal given @ 0.8376. accompanied with a tight stop Loss @ 0.8383 a break of 0.8365 B will support our case and bring a further decline towards the 1st Target @ 0.8334
USDCHF
With American Data Looming With scalped 15 pips with a risk free trade into the American Session
We were taken out at break even on the mixed to low confidence data from the US
With the break of Support at 0.9078. we now expect a small rally then further declines to 0.9023
EURUSD
EUR/USD has edged lower as we started the new trading week. The pair was trading in the low-1.35 range ionMonday’s... and Today the bears attempted to push the Euro Below the 55 Day moving average @ 1.3530. However with the The Consumer Confidence released by the Conference Board which captures the level of confidence that individuals have in economic activity in the US. Came out lower
@l 70.4 / consensus 72.9 previous 72.4
The EURo Bulls pounced and took advantage and pushed the Euro back towards the Highs @ 1.3570
The Rock Solid Trading team entered just before the american session banking 28pips on the pull down with a risk free trade at break even in which we were stop out during the rest of the american session.
a sustained break above @ 1.3570 will ask the question of further highs with the Eur against the Dollar
We quite Simple we believe the GBP is stronger than the EURO with an aggressive sell signal given @ 0.8376. accompanied with a tight stop Loss @ 0.8383 a break of 0.8365 B will support our case and bring a further decline towards the 1st Target @ 0.8334
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