Trading Forex – Daily Outlook – April 29th

Posted on 29. Apr, 2011 by Jakob in Daily Outlook

As stated in the recent post, we have a possible setup on EUR/USD if we get a pullback to the 1.48 level, where we could be looking for a possible long trade with a stop loss of just around 30 – 35 pips and an initial profit target around the 1.4880 level. In addition to this, I am in on a long trade on USD/CAD with a stop loss of 40 pips and I am looking to close this out before GDP or at least move my SL to BE if the trade allows for it. Finally we a beautiful picture on GBP/JPY which is looking perfect for a long trade from a technical perspective; however I will re-access a possible entry on this pair on Monday as I would prefer not to have any open positions during this weekend. See the video below for a detailed explanation.

Tags: Daily Outlook, forex signal, forex trading, Trading Forex

Are you ready to become a profitable Forex Trader? First of all, you need to be certain Key Elements to be in place, such as your Psychological Mindset, a good Broker and Trading Platform, Capital, etc.

Here you can read more about how to get started in Forex Trading.

Once you have gone through the Essential Elements, it's time to spice up your trading. You can read my reviews about other services and obviously don't forget to sign up for my Free Signals.

Also, don't forget to read about these cool tools which can take your trading to the next level... More Tools and Resources

No comments.

Trading Forex – Daily Outlook – April 29th

Leave a Reply Cancel reply

Blogroll