Trade 4 Short GBPUSD (+35 pips)
This is my trade of the day prediction, analysis can be found there. More poor press for the tories as they back out of a live debate adds fuel to the fire. Technicals look good as price moves out of an inflection zone, stochastics go over bought and rsi edges lower.
Trade 3 Long EURGBP (+35 pips)
After making 35 pips a significant pullback and bounce off the ichimoku cloud allows for a re-entry of this trade, all of the thoughts from yesterday remain valid. Other technicals are good stochastics oversold and RSI turning higher from a low level, another 35pip attempt. The chart below still has yesterdays trade on, i moved the sl to 35 when the pair failed at the previous resistance maked by the blue line this trade allows for th eblue line to hold again and still make target.
Trade 2 Long EURUSD (+35 pips)
This trade combines with the one below to increase my exposure to long EURGBP but it seems a good trade in its own right. The EURUSD appears poised for more gains with the dollar index pointing lower, pretty good data out of Europe today with employment falling and inflation holding steady increases the likleyhood of success for this trade. Technicals are really good with a break of a trendline occuring at the same time as aninverse head and shoulders patters. As always a test of the neckline is possible so SL must be below that and a sensible tp is the recent swing high.
Trade of the Day Triggers (+35 pips)
Short GBPUSD has featured as the trade of th eday 4 tmes in may and finally on th elast day of the month it triggered. The pair followed my forex wave prediction really well turning round aggressively in th eproposed inflection zone, a trigger had been set at a previous swing low and an order to enter activated over night. I expect the GBP to be volatile over the next week, the elections will cause some significant movements, I expect to take my opportunities to go short in line with my playbook for the election