Possible profits for today

Trends in the main currencies from the past week will remain.

EUR/JPY downtrend on H4 timeframe, this means we must be short on the pair.

EUR/USD also reserves it’s downtrend move. Short positions her only after a break at the H4 inside bar or a decline in the price below 1.1844.

GBP/JPY: negative move on H4, only sell positions here. There was a break of the flag formation on H4, indicators are in a negative position.

GBP/USD reserves it’s negative move on H4. Correction of the short, better sell positions, SL around 1.5205. The SL is a must because if the price go over 1.5210 it can turn the H4 move in an uptrend.

Indexes are also in a negative formation on H4. The current levels are good for shorts. DAX 30, sell from the current levels with a stop at 9705 and a target around 9500.

 Varchev Traders

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