1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Current GBP/JPY and EUR/AUD Trading Plans

Discussion in 'Commercial Trade Journals' started by Mark Mc Donnell, Dec 21, 2011.

  1. Mark Mc Donnell

    Mark Mc Donnell Forex Early Warning Representative

    Joined:
    Jan 20, 2010
    Messages:
    110
    Likes Received:
    1
    The JPY exotics should move higher tonight however all of them have nearby resistance. One pair we like is the GBP/JPY due to not having any resistance past the alarm price.

    GBP/JPY – set buy alarm at 122.50, room to move up to the 125.50 resistance and the D1 trend should form past the alarm price.

    EUR/AUD – strong long term downtrend in place, this pair has almost no historical support left. We estimate the final support at 1.2925 so set a sell alarm here and if it breaks this price the trend should carry it lower.

    When the price alarms hit verify any buy or sell entries with The Forex Heatmap ™ and look for GBP strength or JPY weakness or both on the GBP/JPY or EUR weakness or AUD strength or both on the EUR/AUD.

    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 28 Currency Pairs
    $19.95 per month


    10-7-2011 Main Session GBPJPY Buy Signal.
     
    #1 Mark Mc Donnell, Dec 21, 2011
    Last edited: Dec 21, 2011

Share This Page