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Currencies Trading Ideas: US dollar holds ahead of Central banks action

By Mohammad Shanti
25 Oct,2022
Currencies Trading Ideas: US dollar holds ahead of Central banks action

EURUSD retrace from 0.9900 

Trading Idea: Ranging

Entry point Stop loss Take Profit 1 Take Profit 2
0.9870 0.9920 0.9810 0.9739

Comment: Trading within a bearish technical pattern favors the fall. However, RSI and MACD are flat which suggests range trading

Order Type: Sell STOP

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618
 

GBPUSD holds above 1.1300 ahead of UK politics

Trading Idea: Ranging 

Entry point Stop loss Take Profit 1 Take Profit 2
1.1320 1.1420 1.1220 1.1058

Comment: Trading below the pivot point and resistance line favors the fall. However technical indicators are flat which indicate range trading.,

Order Type: Sell Limit

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618

USDJPY stable after intervention

Trading Idea: Ranging

Entry point Stop loss Take Profit 1 Take Profit 2
149.60 148.60 150.60 152.20

Comment: Trading near the pivot point and between moving averages favors the rise. RSI and MACD are flat which indicate range trading

Order Type: Buy STOP

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618
 


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