FX Renew End of Day Signals Order Sheet 11 February 19

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FX Renew End of Day signals are trades based off our Weekly Trading Opportunities Report. Entry orders are set and trades are managed once a day in the hour after the US market closes, though there may be the odd time the trade needs management intra-day depending on the market. 

Trade Management Updates 

  • AUDUSD from 31 January hit the stop-loss for a loss of 1R
  • WTI from 4 February hit the stop-loss for a loss of 1R (your entry may or may not have been triggered depending on your broker)
  • Most Forex pairs are stuck in daily sideways market types and direction is unclear. Furthermore the USD (Dollar Index) is sitting mid-range in a sideways quiet MT. The best opportunities will be to wait for the price to get to the edge of the range or to breakout into a new trend. Until then it may be a little difficult to find good trades.
  • I am looking for AUDUSD to move back towards 0.70, NZDUSD to 0.66 and GBPUSD to 1.27 to stalk buying opportunities. Given adjusting rate hike expectations and weak US bonds, I prefer to short USD, unless we start to trade above 98.00 on the dollar index.
  • If stocks continue to remain robust and bond yields recover then I like to buy USDJPY above 110.00
  • My favorite trade for this week ahead is to buy Gold. Despite USD strength, gold has remained robust and is in a clear uptrend.

New Signals 

Here is a brief user guide.

  • Put an order to close 25% of your position on each profit target. If any of the targets say “trail” then don’t add a target as we are letting this portion run.
  • Entry orders on Tuesday to Friday are “market orders”. Orders on Monday are “stop” orders
  • You can view current trades in the Signals Matrix


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