Trading Signals for Tuesday, August 14, 2012

After the markets open yesterday, it seems a bullish trend is building up. Although the chances of a downtrend breakout cannot be ruled out. Therefore, entry orders should be kept with precautions, and never without a well thought Stop loss and Take profit.

Following are the following entry orders for the day:

1. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
2. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
3. EUR/USD : Long at 1.2309 with stop loss 1.2269 and take profit at 1.2429
3. EUR/USD : Long at 1.2279 with stop loss 1.2239 and take profit at 1.2399
5. XAU/USD : Long at 1595.1 with stop loss 1590.1 and take profit at 1610.1
6. XAU/USD : Long at 1585.1 with stop loss 1580.1 and take profit at 1600.1
7. XAG/USD : Long at 27.60 and 27.30 take profit at 30.0 and a stop loss as per your margin capacity
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