Hope you all had a very nice weekend. I wish you all a very good week ahead.
There is only one pair we so much feel will go North this week. The Forex Mechanics are going to be trading this pair the whole of this week and its going to be Long for the whole of the week. We are not saying it will not go South but we will only trade to the North and the North only . So we are getting ready to make a lot of Pips on it . In fact we are already trading the pair. Guess what? you are right the pair is EURnzd.
We Place A Buy Stop At 1.79260
We Take Profit At 1.84371
That is about 300Pips
But of course we will take 10 Pips and Trail the rest of the profit
GBPnzd too will head North I think after a bit of retracement.
We will place a Buy Stop At 2.04100
We will take Profit At 2.07326
About 200 Pips For the week after taking the 10 Pips Stop Loss.
Thanks and have a good Day
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