[B]Currency Pair[/B]: EURGBP
[B]Entry Zone[/B]: Go both long and short at the market if the price is at any level within the 0.6710- 0.6800 range
[B]Protective Stop:[/B] Long stop below 0.6645 and short stop above 0.6865
[B]Profit Target[/B]: Long Target below 0.6800 and Short Target above 0.6710
[B]Profit Potential:[/B] 90 pips ( excluding transaction costs and slippage )
The most effective way to capitalize on currencies pairs that are trapped in tight ranges is through the use of hedging. The hedging feature is currently available on all accounts using FXCM?s No Dealing Desk service. For more information on FXCM hedging strategies please visit What Is A Hedge Ratio? - FXCM UK
[B]Hedging Strategy of the Week[/B]
The EURGBP is our primary target for hedging in the week ahead, with clear range-bound trade and concrete support and resistance levels. To hedge, go both long and short at the market if price stays within the above Hedging Zone. Take profits at R1 for longs and at S1 for shorts, covering losses above R2 or below S2.
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[B]Hedging Radar - Find More Hedging Opportunities
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[B]More Low Risk Hedging Opportunities[/B]
[B]Currency[/B]
[B]% ATR Rank[/B]
[B]Stop for Long[/B]
[B]Hedging Zone[/B]
[B]Stop for Short[/B]
[B]Profit[/B][B] Range[/B][B][/B]
EURCHF
|||||| 0.34%
1.6279
1.6415
1.6585
1.6671
170 pips
[B]EURGBP[/B]
[B]||||||||| 0.41%[/B]
[B]0.6645[/B]
[B]0.6710[/B]
[B]0.6800[/B]
[B]0.6865[/B]
[B]90 pips[/B]
GBPCHF
|||||||||||| 0.50%
2.4000
2.4450
2.4750
2.4950
300 pips
[B]Medium Risk Hedging Opportunities[/B]
[B]Currency[/B]
[B]% ATR Rank[/B]
[B]Stop for Long[/B]
[B]Hedging Zone[/B]
[B]Stop for Short[/B]
[B]Profit[/B][B] Range[/B][B][/B]
USDCAD
||||||||||||| 0.60%
1.0300
1.0450
1.0600
1.0750
150 pips
EURAUD
|||||||||||| 0.65%
1.5500
1.5750
1.6100
1.6250
350 pips
AUDUSD
||||||||||||| 0.70%
0.8200
0.8550
0.8650
0.8800
100 pips
CHFJPY
||||||||||||| 0.71%
98.00
99.50
101.50
102.50
200 pips
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[B]Entry Zone [/B]-> Go both long and short at the market if [B]the currency is at any level within the Hedging Zone. [/B]
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[B]Profit Taking -[/B]>Target for the long order is the [B]top of the entry zone[/B], for the short order is the [B]bottom of the entry zone[/B].
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[B]Stop Levels are Key Support and Resistance Points [/B]-> Place the actual stops a few pips above the higher level and a few pips below the lower level. The break of these levels signals that the ranges have been broken and the hedging strategy should no longer be implemented.
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The lower the Average True Range , the Less Risky the Currency is for Hedging.
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For more information on FXCM hedging strategies please visit What Is A Hedge Ratio? - FXCM UK [/B] [B]
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