BKSWING – 3 New Orders for 12.01.2014

It is a big week in the Forex market with 4 monetary policy announcements from the RBA, BoC, ECB and BoE along with employment reports from the US and Canada. In addition to these developments, we also have a number of U.S. policymakers speaking so there’s a strong possibility of big moves. We like to trade these opportunities through the Yen crosses – AUD/JPY, NZD/JPY and GBP/JPY specifically:

Remember we are still long EUR/CHF

1. Buy GBP/JPY at 186.58

Stop at 185.98

Close 1/2 at 186.88

Close rest at 189.75

2. Buy NZD/JPY at 94.15

Stop at 93.55

Close 1/2 at 94.45

Close rest at 95.35

3. Sell AUD/JPY at 99.72

Stop at 100.32

Close 1/2 at 99.42

Close rest at 98.50

We still have the following pending orders on:

1.Sell EUR/USD at 1.2334

Stop at 1.2394

Close 1/2 at 1.2304

Close rest at 1.2175

2.Sell GBP/USD at 1.5565

Stop at 1.5625

Close 1/2 at 1.5535

Close rest at 1.5425

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled


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