Trading Signals for Wednesday, August 8, 2012

The bearish phase that I suspected on Monday, seems to be phasing up into a trend mode. the EUR/USD as well as the commodity pair seem to be going in for a downtrend. The orders are not much different from the previous day; they are more or less the same.

Hence, looking at the 1 hour chart and the subsequent long hour charts, I have come with the following entry orders for today:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2401 with stop loss 1.2441 and take profit at 1.2281
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
4. EUR/USD : Long at 1.2341 with stop loss 1.2301 and take profit at 1.2461
5. XAU/USD : Long at 1592.1 with stop loss 1587.1 and take profit at 1607.1
6. XAU/USD : Long at 1582.1 with stop loss 1577.1 and take profit at 1597.1
7. XAG/USD : Long at 27.60 and 27.40 and take profit at 30.0 and a stop loss as per your margin capacity
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