Hi ,
Trade Room Performance for Last Week W/C 11-07
+309 Pips for last week, November monthly total to date +549 pips
Last week 65 trades were taken returning +309 pips. You can view details of our trades at (Trading Record).
Trade Ideas For 11-14
Trade Idea GBPUSD: If you look at the chart you will see cable has been trapped in a 300 pip range between 5870 and 6165 the middle section of this range corresponding to the 50-61.8% retracement of the move down between late August and early October. At the moment, as I write just after the market open, cable is currently toward the top of this range with resistance sitting at 6128 / 6160 the range top. A break above this and we could see 6270/6300. On the downside cable should continue to find support at 5990 with 5900/5870 the bottom of the current range. A break below this and 5720 and 5610 could be tested. (See GBPUSD charts)
Safe trading
Paul Simpson
Visit our site at www.forextraderscorp.com and watch our trading ideas at www.tigerpips.com
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