Daily bites from Pro Trade FX
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If you feel like there is another topic we should post these daily bites, please let us know.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterdays P/L: 0.12%
Total Feb: 1.55%
USDJPY - Intraday - We look to Sell at 119.06 (stop at 119.36) Price action has posted a bullish Outside Day and is positive for short-term sentiment. A Fibonacci confluence area is located at 119.35. Downward pressure has continued overnight and the previous support area of 118.86 - 118.80 is now under pressure. A bearish Head and Shoulders is forming. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 119.06, resulting in improved risk/reward. Our profit targets will be 118.69 and 118.37 Resistance: 119.06 / 119.41 / 119.66 Support: 118.88 / 118.69 / 118.37 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
---------- Post added 02-19-2015 at 06:30 AM ---------- Previous post was 02-18-2015 at 05:10 PM ----------
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday: +0.13%
Februar P&L: +1.68%
Daily Bite:
EURGBP - Intraday - We look to Buy at 0.7413 (stop at 0.7392) Posted a Double Bottom formation. Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. Yesterday\'s Marabuzo is located at 0.7408. Trades within an intraday channel formation - high 0.7429 low 0.7409. Bespoke support is located at 0.7413. Price action is forming a bullish flag which has a bias to break to the upside. Our profit targets will be 0.7438 and 0.7467 Resistance: 0.7429 / 0.7438 / 0.7467 Support: 0.7409 / 0.7380 / 0.7350 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.