Last week's close was a bit dramatically after the downgrade of many European countries with the downgrade of France being the most serious but also anticipated event.
As a result we should enter a buy AUDUSD position in the opening at the market and add to this position with a stop buy order after a break of 1.0430. S/l is 1.0120.At 1.07 we close half of the position and move our stop loss to break even
As it concern now the GBPUSD is very close to break a key resistance of 1.5310 (which has been broken only for shortly after the European downgrades). There are two entries for this trade: The first is a stop sell at 1.5270 and the second is a limit sell at 1.5490. In both position the s/l is 1.5800 . Although the s/l is quite large we anticipate a move to 1.4600 first and 1.4200
In all the positions that we suggested we will enter with the amount of 10,000 each.
As a result we should enter a buy AUDUSD position in the opening at the market and add to this position with a stop buy order after a break of 1.0430. S/l is 1.0120.At 1.07 we close half of the position and move our stop loss to break even
As it concern now the GBPUSD is very close to break a key resistance of 1.5310 (which has been broken only for shortly after the European downgrades). There are two entries for this trade: The first is a stop sell at 1.5270 and the second is a limit sell at 1.5490. In both position the s/l is 1.5800 . Although the s/l is quite large we anticipate a move to 1.4600 first and 1.4200
In all the positions that we suggested we will enter with the amount of 10,000 each.
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