Possible profitable trades for today 17.02.2015

We are seeing now some corrections of the pairs, which makes the trade a little risky.

EUR/AUD: still a negative move, breaking through the diagonal support. Now we have to pick better levels to minimize the risk with some points and a sell with a stop around 1.4611 and a target around 1.4462.

EUR/JPY: is also traded under the diagonal support, which is a signal for a new negative move. Good levels for a sell around 134.76, which is under the diagonal support, CCI still under 0 – showing the move is short.

AUD/USD: went over the previous top on H4, a signal for a possible new bullish move. Moving averages are in a bullish formation, levels are good for a long positions with a stop around 0.7757.

GBP/JPY: caution here, the negative move is possible to continue, a confirmation can be expected when CCI (50) break through 0 for a sell and a stop around 182.52.

 Varchev Traders

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