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Trade Ideas

Trade Recommendations – update 5th July 2013 (12:15 UK time)

Hello Traders,

From yesterday’s recommendations one order got triggered – Long GBP-USD @1.5030. The price action did allow us to move our stop loss to entry, but continued the fall triggered by comments from BoE yesterday.

Market Direction Entry S/L Move to B/E @ Target 1 Target 2 Result
EUR-USD Long 1.2850 1.2820

(30 pips)

1.2840

(20 pips)

1.2875

(55pips)

1.2985

(165 pips)

No Trade
GBP-USD Long 1.5030 1.5000

(30 pips)

1.5050

(20 pips)

1.5060

(30 pips)

1.5220

(190 pips)

B/E
USD-JPY Short 100.65 100.90

(25 pips)

100.40

(25 pips)

99.85

(80 pips)

99.15

(150 pips)

No trade

 

Given that we have Non-farm payroll in less than 2 hours, I am cancelling all the remaining orders and will stay flat during the news. If there is significant variance in numbers from expectations I may take a trade post the news.

Have a good weekend and see you next week!

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