www.varchev.com

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


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
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