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Posted on Aug 03, 2015 at 04:44 PM
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Forex Trading Weekly Analysis

EUR/USD and GBP/USD analysis for 03rd -7th of August 2015

Marketing-Analysis

With the use of our special indicator, we will be placing the following orders on: EUR/USD and GBP/USD:

Please Note that all the TP for any of the positions is 100 pips, though you’re free to adjust TP/SL according to your risk tolerance.

 

EURUSD:

Buy: Our first buy on EUwill be @1.0776, but if price breaks and closes below 1.0776 we will close the buy and enter sell order.

EU 2nd buy will be @1.0458, but if price breaks and closes below 1.0458, we will close the buy for the week.

Sell: our first sell on EU will be @1.1281, but if price breaks and closes above 1.1281 we will close the sell and enter buy order.

2nd sell on EU will be @1.1490, but if price breaks and closes above 1.1490 we will close the sell order for the week.

 

GBP/USD

Buy: our first buy on GU will be @1.5407, but if price breaks and closes below 1.5407 we will close the buy and enter sell order.

GU 2nd buy will be @1.5240, but if price breaks and closes below 1.5240, we will close the buy for the week.

Sell: our first sell on EU will be @1.5675, but if price breaks and closes above 1.5675 we will close the sell and enter buy order.

2nd sell on EU will be @1.5929, but if price breaks and closes above 1.5629 we will close the sell order for the week.

 

Wishing you plenty of pips taking this week.

 


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