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Recent Recommended Trades
Fri, Mar 28 2008, 08:57 GMT
by AceTrader Team
AceTrader 1-wk TRIAL
www.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 1-week for $25 USDUpdate Time: 27 Mar 2008 16:29GMT
DAILY GBP/USD OUTLOOK - 2.0060
Present anticipated selloff confirms upmove fm
1.9735 has made a top at 2.0193 today n consolida-
tion with downside bias wud be seen for a strg re-
trace. of aforesaid upmove to 2.0035, below wud ex-
tend weakness to 1.9965/70
Wud be prudent to exit short n sell again on
recovery with stop as indicated...
Rate: 2.0060
Strategy: Exit short n sell at 2.0120
Position: Short at 2.0153
Objective: 2.0035
Stop-Loss: 2.0170
Resistance: 2.0133/2.0193/2.0211
Support: 2.0035/1.9997/1.9927
***************************************************
Update Time: 27 Mar 2008 10:45GMT
INTRA-DAY EUR/GBP CROSS OUTLOOK - 0.7838
Although euro's anticipated retreat after meeting
renewed selling at 0.7860 suggests consolidation
with downside bias is seen, a break below 0.7819 is
needed to confirm the decline fm 0.7901 to retrace
recent upmove has resumed, 0.7807.
Wud be prudent to exit short n look to sell again
on recovery as 0.7860 res shud hold...
Rate: 0.7838
Strategy: Exit short
Position: Short at 0.7860
Objective:
Stop-Loss:
Resistance: 0.7860/0.7888/0.7901
Support: 0.7819/0.7807/0.7781
***************************************************
Update Time: 27 Mar 2008 10:16GMT
INTRA-DAY GBP/USD OUTLOOK - +2.0135+
Current anticipated resumption of recent upmove
suggests further gain twds 2.0140 wud be seen, how-
ever, loss of upward momentum shud prevent sharp
rise beyond 2.0160 n reckon 2.0190/00 wud remain in
tact n yield correction.
Buy again on pullback with stop as indicated,
break wud risk 2.0035...
Rate: +2.0135+
Strategy: +Target met+
Position: +Long at 2.0095+
Objective: 2.0135
Stop-Loss:
Resistance: 2.0133/2.0152/2.0204
Support: 2.0035/1.9997/1.9949
More winning Trades ....
***************************************************
Published on Fri, Mar 28 2008, 08:59 GMT
Archive
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Published On Wed, May 7 2008, 04:35 GMT
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Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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