Friday, February 22, 2008

Forex Signals 22 Feb 2008

Today forex signals :

GBP/USD has found a good support at the bottom in daily chart. Triple bottom and it will be going up for the weeks to come. Today we will be looking for a SELL 1 lot at 1.9696, stop loss at 1.9760 and profit target at 1.9580. The reason why we put sell here is because yesterday we have a strong up and we expect that price will make a retracement. However, if price hit stop loss at 1.9760, you want to buy 2 lots there, stop loss is 1.9580 and profit target is 1.9867.

If price hit 1.9568 first, then set BUY 1 lot there, stop loss at 1.9504 and profit target at 1.9696. If hit stop loss, then sell 2 lots there, stop loss at 1.9568 and profit target at 1.9400.

USD/CHF will start to go down for few weeks. Today we want to BUY 1 lot if price hit 1.0856, stop loss at 1.0810 and profit target at 1.0948. If hit stop loss, Sell 2 lots there, stop loss at 1.0856 and profit target at 1.0734.

If price hit 1.0948 first, then Sell 1 lot, stop loss at 1.0994 and profit target 1.0856. If hit stop loss, Buy 2 lots there, stop loss at 1.0948 and profit target at 1.1070.

Have a nice profit forex trading day!

***I will set up a new website soon.... :)

God bless.

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