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Sunday, April 27, 2008
MONDAY MORNING FOREX BLUES
EurUsd
EU has turned up this morning but it is not adviseable to enter just yet. There are 2 places to enter EU, they are 1.5620 or 1.5520. Possible safe trade is to wait for EU to go lower than 1.5620 and make a stop order long @ 1.5620. It that way if EU actually goes up it will hit the stop order on its way up and hopefully a zero SL trade.
NzdUsd
NU is much like EU has turned up. Possible trade is long @ 0.7825. Wait for price to go lower and put a stop order long.
GbpChf
GChf has turned down. Currently not in a clear downward move. 2.0530 is entry for short. Preferably wait for price to exceed that level and put stop order short.
EU has turned up this morning but it is not adviseable to enter just yet. There are 2 places to enter EU, they are 1.5620 or 1.5520. Possible safe trade is to wait for EU to go lower than 1.5620 and make a stop order long @ 1.5620. It that way if EU actually goes up it will hit the stop order on its way up and hopefully a zero SL trade.
NzdUsd
NU is much like EU has turned up. Possible trade is long @ 0.7825. Wait for price to go lower and put a stop order long.
GbpChf
GChf has turned down. Currently not in a clear downward move. 2.0530 is entry for short. Preferably wait for price to exceed that level and put stop order short.
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