Market Winning Trade Set-Ups for 06/01/2015

Market Winning Trade Set-Ups for 06/01/2015


Currency Pair: EUR/GBP
Closing Price: 0.7188
Entry Order: BUY stop @ 0.7198
Stop loss: 0.7162
Take profit: 0.7270

Analysis: This pair appears to have grabbed a foot-hold and support near the 0.7000 price level. Today’s outsized reversal suggests that the next direction will be higher. Good risk:reward on this trade.


Currency Pair: EUR/AUD
Closing Price: 1.4350
Entry Order: BUY stop @ 1.4386
Stop loss: 1,4335
Take profit: 1.4486

Analysis: This pair appears to have formed both a double-bottom and an inverted head-and-shoulders. Penetration above today’s key reversal (and the neckline) should see prices go higher.