Sep 192014
FX Reversals: GBPUSD Breakout Update
Price is now trading well above the R4 pivot, with breakout traders first … To learn more, check out yesterday's FX Reversal article linked below.
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Trade Idea: USD/CAD – Hold long entered at 1.0970
The greenback has slipped again after brief bounce to 1.1024, suggesting further consolidation would be seen and support at 1.0927 (yesterday's low) …
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Trade Idea: AUD/USD – Buy at 0.8900
Although aussie has resumed recent decline after meeting renewed selling interest at 0.9112 and near term downside risk remains for the decline …
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GBPUSD Trading cautiously
A gap in the market when trading begins next week should be expected … of risk involved with trading leveraged products such as forex and CFDs.
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