Hi ,
Trade Room Performance 02-04
+78 Pips for the day, +391 Pips for the week
Yesterday 10 trades were taken returning +78 pips. You can view details of our trades at (Trading Record).
Trade Ideas For 02-07
Trade Idea EURUSD: As we showed with the highlighted zones on Friday on the 4hr chart, the 3625 area has provided both support and resistance in the past few days and should provide some resistance again (note the length of the candle wicks. If it were to break above here then 3640's could provide a check although the 3680's look like a better resistance level. On the upside 3570's could provide an initial check, but below this, 3527 looks like the next area we might catch bids. A break of this and the next level is at 3433 which, the highlighting in the day chart indicates is a critical level. Longs from here have a good risk reward ratio. .(See EURUSD charts)
Safe trading
Paul Simpson
Visit our site at www.fxtraderscorp.com and watch our trading ideas at www.tigerpips.com
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