I have placed 2 orders in the market to buy the following currency pairs at the following prices -
GBP/USD - 16040 and NZD /USD - 7663
GBP/USD appears to have broken resistance at 16000 so could be a good move. I am looking at least for a 70 pip profit on this trade. If the move is volatile, I might trail the move with the stop loss.
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.
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