Dan’s Forex Market View – 18 Oct 2007

Published on 4 years, 7 months ago in EURJPY, forex signals, GBPJPY, technical trading and USDCAD. 2 Comments

Hello,

Just a quick look at 3 currency pairs. I hope you will find my technical analysis observations useful.

GBP/USD - 4h Chart.

GBP/JPY - 1h Chart.

USD/CHF - 4h Chart.

Don’t forget to keep your trading system simple, it will work better!

Regards,
Dan
Life Holdings Management

2 Responses to “Dan’s Forex Market View – 18 Oct 2007”

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  • Jude
    4 years, 7 months ago.

    Very nice! Went exactly where you want them to be ;)

  • OptimusLH
    4 years, 7 months ago.

    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

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