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Independent FX Trader.
  • GBPUSD Trade Idea (October 11, 2013)

    I believe that we are still in retracement mode by expecting further downward pressure for GBPUSD and any other pair against US Dollar. Some consideration for downward pressure in next week are :

    1. GBP CPI y/y

    2. GBP PPI Input m/m

    3. GBP Retail Sales m/m

    Therefore, I still believe that GBPUSD still has bearish continuation that reflected with open position I already traded. Currently shorting GBPUSD at 1.59681 SL 1.60600 TP 1.57310.

    Disclaimer :

    This report is proprietary information of author that is intended to readers as information purpose only. The analyses and opinions expressed represent subjective views of the analyst, as of date indicated, may no longer be current , and may change as a result of price behavior development in market. It is prohibited to distribute, reproduce, or publish in whole or part without prior consent of author.

    Author does not accept liabilities or losses that come from damage in FX and Commodities trading

    Tags: GBP/USD, Trade, Idea
    Oct 13 8:49 AM | Link | Comment!
  • GBPUSD Trade Idea (October 2, 2013)

    As US government shutdown its activity, I still believe that bullish pressure in action. Current price as this posted is 1.61749. By taking long position at 1.61749 and putting stop loss at 1.6138, I believe that GBPUSD is aiming take profit at 1.63020

    Fundamental :

    UK construction PMI

    US ADP non-farm employment change

    Technical :

    GBPUSD Call strike price 1.59000 with call price 4.10 (long)

    GBPUSD Put strike price 1.60000 with put price 1.38 (short)

    Disclaimer :

    This report is proprietary information of author that is intended to readers as information purpose only. The analyses and opinions expressed represent subjective views of the analyst, as of date indicated, may no longer be current , and may change as a result of price behavior development in market. It is prohibited to distribute, reproduce, or publish in whole or part without prior consent of author.

    Author does not accept liabilities or losses that come from damage in FX and Commodities trading

    (click to enlarge)

    Oct 02 12:02 AM | Link | 1 Comment
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