Best Forex Trading Signals
We are up about 33.5% for the month of June.
Open Orders
| Pair | Action |
|---|---|
| EUR/USD | |
| GPB/USD | |
| USD/JPY | |
| USD/CAD | We made about 140 pips off this trade before getting stopped out on our trailing stop. |
| AUD/USD | |
| USD/CHF |
New Orders
| Pair | Order | Entry | Stop Loss | Profit Target |
|---|---|---|---|---|
| EUR/USD | ||||
| GPB/USD | ||||
| USD/JPY | ||||
| USD/CAD | ||||
| AUD/USD | Sell Stop | Market (1.0703) | 1.0660 | 1.0550 (50) |
| USD/CHF |
All Pending type orders are only good for the day. Set the pending order to expire within 24 hours.
There was a nice market move today which took our open trade to the point of about 140 pip gain before getting stopped out on our trailing stop. Unfortunately, all of the pairs are now in a dangerous zone. We expect the current trend to continue and could place some orders on that. However, each of the pairs are right up against support and resistance levels.
The current trends might pull back tomorrow, and entering continuation orders could be disasterous. On the other hand, if the support / resistance levels don’t hold, the prices could continue on and placing reversal orders would be wrong. The current prices, trends and technical analysis is just too risky to attempt a trade today.
The only potentially safe trade is the Swissy, since it seems to have leveled out into a sideways trend near the support level around 0.8300 range. But without a good indication of a move up or move down, sideways trading is not profitable.
We will have to wait until there are better indications of a potentially profitable lower risk trade.
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