Opportunities for profit today

Trends in the main pairs remain but by some of them the moves are very sharp and it’s better to wait. Although there are still pairs with good levels for positions.

Be carrefull today, there are possible changes in the main movements, the stop loss is a must on every position.

GBP/USD: trend is short, the correction from, yesterday gives us good positions for sell. On H4 we have a flag formation. Current levels are good for sell but with a stop at 1.5195 because a break over 1.5192 may change the moods into positive. If that happens we close the short and go long.

EUR/USD: negative trend, good positions for sell after a break under 1.1752 which will activate the flag formation with a decline potential. The current levels are also good for sell with stop at 1.1827.

NZD/USD: the pair is in negative formation on H4. Here it is good to go short on prices near the support at 0.7712 and a 35 pips stop.

DAX30: the index starts with a gap near the diagonal support 9784, good positions for buy, 35 points stop and 110 points target

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance