NZD/JPY - Be Careful On The Carry Trade
The NZD/JPY pair is everyones favourite carry trade, including me, but at times it pays to be cautious, despite the good returns available. If we take a look at the daily and weekly charts, the pair have been trading sideways for over a month. On the weekly charts we have two hanging men and three [...]
GBP/USD - A Good Morning’s Trading
For those scalpers who followed my advice last night on the GBP/USD pair, you should be sitting on some nice profits by now, as the currency has fallen from 9811 to a current level of 9744 - a profit of 67 pips. Smaller gains were acheived on the EUR/USD which is trading in a narrow range at the [...]
GBP/USD - Make Money Selling Short On Wednesday 30th May
At 9811 the GBP/USD looks weak for tomorrow the 30th May, following a significant upthrust on the day on Tuesday. My own trading style is to to take a longer view and I am still bullish on the pair long term. But for the short term scalper there is money to be made tomorrow(30th May [...]
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