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Posted on Oct 19, 2015 at 04:35 PM
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Weekly Forex Trading Analysis EUR/USD and GBP/USD

The Weekly Analysis for 19thto 23rd of October 2015

Last week Result

EUR/USD triggered sell @1.1480 and made over 100 pips as the price closed @1.1346

GBP/USD triggered buy @1.5247 and made over 150 pips as the price moved over 220 pips in one single day.

For better performance you should monitor these signals on 1 hour Time Frame.

 

With Our weekly signal which depends on a special indicator we looking forward to place following orders on:

EURUSD:

Buy: our first buy on EU will be @1.1255, but if price broke and closed below 1.1255 we will close the buy and enter sell order.

EU 2nd buy will be @1.1150, but if price broke and closed below 1.1150, we will close the buy for the week.

Sell: our first sell on EU will be @1.1490, but if price broke and closed above 1.1490 we will close the sell and enter buy order.

2nd sell on EU will be @1.1620, but if price broke and closed above 1.1620 we will close the sell order for the week.

 

GBP/USD

Buy: our first buy on GU will be @1.5406, but if price broke and closed below 1.5406 we will close the buy and enter sell order.

GU 2nd buy will be @1.5245, but if price broke and closed below 1.5245, we will close the buy for the week.

Sell: our first sell on GU will be @1.5512, but if price broke and closed above 1.5512 we will close the sell and enter buy order.

2nd sell on GU will be @1.5630, but if price broke and closed above 1.5630 we will close the sell order for the week.

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

Wishing you plenty of pips this week.


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