Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday’s p/l: +0.85% (some profit taking after FOMC)
Total for February : +2,53%
Daily Bite:
GBPUSD - Intraday - We look to Buy at 1.5405 (stop at 1.5375) Trades at the
highest level in 7 weeks. Trading inside the Daily Ichimoku Cloud. Bespoke
resistance is located at 1.5469. The rally has posted an exhaustion count on
the intraday chart. There is no clear indication that the upward move is
coming to an end. Yesterday’s Marabuzo is located at 1.5393. The reaction
lower is negative, however, we view this as an opportunity to set longs in
line with the overall bullish move higher. Our profit targets will be 1.5450
and 1.5470 Resistance: 1.5470 / 1.5500 / 1.5702 Support: 1.5436 / 1.5390 /
1.5369 -
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday’s P/L: +0,35%
Febraury Total: +3,20%
EURGBP - Intraday - We look to Sell at 0.7370 (stop at 0.7390) Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. Trades at the most negative level since 12/2007. Price action has continued to trend strongly lower and has stalled at the previous support near 0.7310. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Preferred trade is to sell into rallies. Our profit targets will be 0.7330 and 0.7310 Resistance: 0.7387 / 0.7454 / 0.7500 Support: 0.7310 / 0.7250 / 0.7200