Forex and Oil Trading

Good Morning Traders,

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

Rather neutral news from Europe has been the reason that EUR/USD did not leave its sideways range. There was an interesting short trade in USD/CAD in the afternoon where 29 pips were on offer due to good news of the Canadian Gross Domestic Product.

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
Early Cable losses and now appears to be parked in a sideways range.
Long @ 1.4555
Take-Profit @ 1.4595-1.4605
Stop-Loss @ 1.4520
Short @ 1.4450
Take-Profit @ 1.4385-65
Stop-Loss @ 1.4490

EUR/USD
EURUSD also lost some strength over night and is now in a mini sideways range.
Long @ 1.2320
Take-Profit @1.2370-90
Stop-Loss @ 1.2285
Short @ 1.2230
Take-Profit @ 1.2185-1.2160
Stop-Loss @ 1.2275

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
Do you trade according to your trading system?
Yes? No?
Sometimes a small change can make big results. Maybe you should think about your trading system and maybe change it.”
Do you write down all your trades in a diary?

To Your Trading Success