Forex Trading & Oil

The Following Trading Signals are a Analysis of GBP/USD & EUR/USD

After a sideways range in the morning there was a movement in EUR/USD in the direction of 1.2190 after good news from USA. In comparison to EUR/USD GBP/USD was stuck in a sideways range.

Expectations for Today’s Trading
After the early morning movement I will be expecting more volatility in the afternoon today.

Trading Chances for Today
GBP/USD had already some wins in the morning due to good news from Asia.

Long @ 1.4505
Take-Profit @ 1.4585-1.4620
Stop-Loss @ 1.4445

Short @ 1.4350
Take-Profit @ 1.4285-50
Stop-Loss @ 1.4410

EUR/USD was a similar picture to GBP/USD

Long @ 1.2320
Take-Profit @1.2385-1.2410
Stop-Loss @ 1.2255

Short @ 1.2135
Take-Profit @ 1.2085-60
Stop-Loss @ 1.2195

Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.

TRADING TIP OF THE DAY
“What about your trading system? Do you trade according to it? Yes? No?
Maybe you should think about your trading system and maybe change it.”

To Your Trading Success

The Investor Guru