Market Winning Trade Set-Ups for 06/02/2015


Currency Pair: AUD/NZD
Closing Price: 1.0833
Entry Order: BUY stop @ 1.0843
Stop loss: 1.0797
Take profit: 1.0957

Analysis: This pair formed a double-bottom in mid-April. In recent weeks it has consolidated at current levels. Penetration above today’s key reversal should see prices go higher.


Currency Pair: XAU/USD
Closing Price: 1193.00
Entry Order: BUY stop @ 1197.00
Stop loss: 1188.00
Take profit: 1217.00

Analysis: This pair has been consolidating at current levels. There appears to be support at these levels. Follow-through above today’s inside bar could see prices go higher.