Brian Twomey
Brian's Investment
Another week to continuous trading to maximize profit pips and earn all traded pips available. And offered most vital points to watch and follow the trades to target. Also offered to those to take profits when satisfied anywhere along the price path. This week is GBP/USD from the low end of GBP to also trade GBP/NZD at the top end. This week 4 trades per currency are offered.
Recall last week's EUR/USD trades offered 2 longs and 2 shorts to continuously trade throughout the week. The 2 longs profited 191 pips while the shorts earned +79 pips for a total of 270 pips.
The close price forecast for Friday was just above 1.0860 and the last target to the shorts was 1.0836. Based on the close price forecast, it was apparent 1.0836 had a chance to fail its destination. It did and EUR/USD closed at 1.0898. However the last short earned 16 pips.
Same old story to the trades: No Charts, No Graphs, No Stops, no market blather talk necessary. Most Important is no screen watching throughout the week as its not necessary. Entries and targets are set on Sunday and exit by Friday. A possible missed entry is quickly repaired to either break even or trade to target and earn profits. Never a loss incurred.
Weekly Trades
GBP/USD
Long 1.2124 and 1.2099 to target 1.2395. Must cross 1.2149, 1.2174, 1.2199, 1.2226, 1.2251, 1.2276, 1.2301, 1.2326, 1.2351 and 1.2376.
Long above 1.2431 to target 1.2533. Must cross 1.2456, 1.2481, 1.2506 and 1.2531.
Short 1.2533 to target 1.2482.
Cautious short 1.2395 to target 1.2293
GBP/NZD
Long 1.9964 and 1.9946 to target 2.0222. Must cross 2.0001, 2.0036, 2.0072, 2.0108, 2.0144, 2.0180 and 2.0216.
Long above 2.0258 to target 2.0367. Must cross 2.0294 and 2.0330.
Short 2.0367 to target 2.0294.
Cautious short 2.0222 to target 2.0149
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
EUR/USD alternates gains with losses near 1.0720 post-US PCE
The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.
GBP/USD clings to gains just above 1.2500 on US PCE
GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.