Trading Signals for Monday, January 28, 2013

The start of the last week of the month is today. Looking at the daily charts, it seems that the start of a bear run has begun for the Eur/Usd pair. Finally the long going bull run which started post the pair hit the lowest lows in the month of August is coming to a halt. So, for the current scenarios, the trades for the pair are as follows:

1. Sell at 1.3461 for 300 pips, with a stop loss of 100 (3:1 ratio of profit: loss)
2. Sell at 1.3501 for 300 pips, with a stop loss of 100

The first entry order has already triggered and showing a profit of 10+ pips currently.

All the very best.

P.S: Currently no forecast for the commodities, as the data seems confusing, so better not to get in.

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