The post earlier this week had a buy on the GBP at the 1.9525 zone. On the first approach we were able to catch a 30 pip bounce. If anyone was able to withstand the push down into the 1.9460’s then you may now be seeing 50 pips from the 1.9525 entries.
As expected the target area on the CAD at 1.0150 has been met and we have now seen a push to the 1.0200’s. Anyone that took the suggested buys on dips on the last post around the 1.0000 area should now be out of these trades since we have had a nice 200 pip rise from those levels.
We may see an active day on Friday with CAD employment numbers and Non Farm Payrolls. You should look to protect any open positions during what could be a volatile day in the market. I will look to post some new levels as early as I can in the new week to come.
Dustin
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
