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Oct 17th 2007
Dan’s Forex Market View - 18 Oct 2007
USDCAD, EURJPY, GBPJPY, forex signals, technical trading 10 months, 1 week agoTags: No Tags.
Hello,
Just a quick look at 3 currency pairs. I hope you will find my technical analysis observations useful.
Don’t forget to keep your trading system simple, it will work better!
Regards,
Dan
Life Holdings Management
Popularity: 25% [?]
3 Responses to “Dan’s Forex Market View - 18 Oct 2007”
- 1 Pingback on Oct 17th, 2007 at 9:12 pm
Very nice! Went exactly where you want them to be
Update for 18 Oct 2007 post:
GBP/USD (2.0453)
Price shot through the top of the range.
If your TP was anywhere between 30 and 70 pips, it was reached.
If you’re going for a swing trade here, you can enter long now: price has retraced back a little to touch the channel top again. This trade has good Risk:Reward ratio if you set a Take Profit around 2.0600 (150 pips) and a stop loss at 2.0375 (70-75 pips).
USD/CHF
100 pips profit was enough for me. I’m out of this one for now.
GBP/JPY
235.50 reached for 200 pips profit from the time I posted my analysis. I am out of this trade, searching for new opportunities to get in now.
Regards,
Dan
Life Holdings Management