Daily bites from Pro Trade FX
Yesterdays P/L: - 0.54
February P/L: +1.43%
Daily Bite:
EURGBP - Intraday - We look to Buy a break of 0.7405 (stop at 0.7385) Trades at the most negative level since 02/2008. We have a 61.8% Fibonacci pullback level of 0.7256 from 0.5682 to 0.9803. The selloff has posted a correction count on the daily chart. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 0.7436 and 0.7453 Resistance: 0.7399 / 0.7422 / 0.7436 Support: 0.7370 / 0.7350 / 0.7256 –
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information
Pleae note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterdays P/L: 0.12%
Total Feb: 1.55%
USDJPY - Intraday - We look to Sell at 119.06 (stop at 119.36) Price action has posted a bullish Outside Day and is positive for short-term sentiment. A Fibonacci confluence area is located at 119.35. Downward pressure has continued overnight and the previous support area of 118.86 - 118.80 is now under pressure. A bearish Head and Shoulders is forming. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 119.06, resulting in improved risk/reward. Our profit targets will be 118.69 and 118.37 Resistance: 119.06 / 119.41 / 119.66 Support: 118.88 / 118.69 / 118.37 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday: +0.13%
Februar P&L: +1.68%
Daily Bite:
EURGBP - Intraday - We look to Buy at 0.7413 (stop at 0.7392) Posted a Double Bottom formation. Bullish Outside Day posted, a pattern that often indicates the end of a bearish run and the start of a new upward bias. Yesterday\'s Marabuzo is located at 0.7408. Trades within an intraday channel formation - high 0.7429 low 0.7409. Bespoke support is located at 0.7413. Price action is forming a bullish flag which has a bias to break to the upside. Our profit targets will be 0.7438 and 0.7467 Resistance: 0.7429 / 0.7438 / 0.7467 Support: 0.7409 / 0.7380 / 0.7350 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday's p/l: +0.85% (some profit taking after FOMC)
Total for February : +2,53%
Daily Bite:
GBPUSD - Intraday - We look to Buy at 1.5405 (stop at 1.5375) Trades at the
highest level in 7 weeks. Trading inside the Daily Ichimoku Cloud. Bespoke
resistance is located at 1.5469. The rally has posted an exhaustion count on
the intraday chart. There is no clear indication that the upward move is
coming to an end. Yesterday\'s Marabuzo is located at 1.5393. The reaction
lower is negative, however, we view this as an opportunity to set longs in
line with the overall bullish move higher. Our profit targets will be 1.5450
and 1.5470 Resistance: 1.5470 / 1.5500 / 1.5702 Support: 1.5436 / 1.5390 /
1.5369 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday's P/L: - 0,19%
February Total: + 2,54%
Daily Bite:
EURGBP - Intraday - We look to Buy at 0.7365 (stop at 0.7335) Posted Mixed Daily results for the last 10 days.
There was little net movement as we continue to consolidate within the 0.7435 - 0.7347 range. Due to an Ending
Wedge formation, we continue to treat extended losses with caution. Further upside is expected although we prefer to buy into dips close to the 0.7365 level. Our profit targets will be 0.7425 and 0.7450 Resistance: 0.7435 / 0.7450 / 0.7500 Support: 0.7365 / 0.7338 / 0.7300 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday's P/L: +0.31%
February Total: +2,85%
USDJPY - Intraday - We look to Sell at 119.00 (stop at 119.35) Selling pressure from 119.83 resulted in all the initial daily gains being overturned. We have a 61.8% Fibonacci pullback level of 119.61 from 120.47 to 118.22. Expect trading to remain mixed and volatile. Further downside is expected although we prefer to sell into rallies close to the 119.00 level. Our profit targets will be 118.60 and 118.35 Resistance: 119.00 / 119.30 / 119.85 Support: 118.60 / 118.35 / 118.00 –
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday’s P/L: +0,35%
Febraury Total: +3,20%
EURGBP - Intraday - We look to Sell at 0.7370 (stop at 0.7390) Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. Trades at the most negative level since 12/2007. Price action has continued to trend strongly lower and has stalled at the previous support near 0.7310. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Preferred trade is to sell into rallies. Our profit targets will be 0.7330 and 0.7310 Resistance: 0.7387 / 0.7454 / 0.7500 Support: 0.7310 / 0.7250 / 0.7200
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
Yesterday’s P/L: +1,09%
February Total: +4,29%
GBPUSD - Intraday - We look to Buy at 1.5500 (stop at 1.5475) Traded to the highest level in 8 weeks. Price action has broken from the previous formation. Price action formed a bullish Marabuzo which offers buying support near 1.5490. The 161.8% Fibonacci extension is located at 1.5562 from 1.5532 to 1.5474. Little net movement overnight. Further upside is expected although we prefer to buy into dips close to the 1.5500 level. Our profit targets will be 1.5550 and 1.5585 Resistance: 1.5560 / 1.5586 / 1.5600 Support: 1.5490 / 1.5465 / 1.5450
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
Yesterday’s P/L: -0.15%
March Total: -0,15%
February Gross Total: +4,19%
Please note that these figures are gross figures, the net figures are different as we work with different levels of performance fees.
Please note that this daily bite is only one potential trade we picked from many. The total P&L shows our overall trading on clients account.
EURGBP - Intraday - We look to Buy at 0.7265 (stop at 0.7240) We have a 61.8% Fibonacci pullback level of 0.7256 from 0.5682 to 0.9803. Price action has posted a bullish Outside Day and is positive for short-term sentiment. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher. Trades within an intraday channel formation - high 0.7302 low 0.7262. The measured move target is 0.7360. Our profit targets will be 0.7302 and 0.7360 Resistance: 0.7295 / 0.7302 / 0.7360 Support: 0.7260 / 0.7240 / 0.7220 –
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.
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Yesterday P/L: 0.19%
GBPUSD - Intraday - We look to Sell a break of 1.5390 (stop at 1.5420) Traded to the highest level in 6 weeks. Bespoke resistance is located at 1.5418. Rally capped by the daily Ichimoku Cloud. With the Ichimoku cloud resistance above we expect gains to be limited. Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.5390, which will confirm the bearish sentiment. Our profit targets will be 1.5345 and 1.5315 Resistance: 1.5418 / 1.5475 / 1.5500 Support: 1.5390 / 1.5342 / 1.5315 -
Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information.