Weekly Signal ! (16 May - 20 May 2011)

Forexhaha Weekly Signal :

GBPUSD :
Buy at : 1.6388, take profit 10-12pips, no stop loss. (cancel order)
Sell at : 1.6182, take profit 10-12pips, stop loss at 1.6288 (hit +12pips)

EURUSD :
Buy at : 1.4207, take profit 10-11pips, no stop loss. (hit +11pips)
Sell at : 1.4045, take profit 10-11pips, stop loss at 1.4210. (cancel order)

EURJPY :
Buy at : 115.99, take profit 10-12pips, no stop loss. (hit +12pips)
Sell at : 113.53, take profit 10-12pips, stop loss at 114.80 (cancel order)

* longterm : UCAD going to 0.9970.

Update 16 May : GBPUSD and EURUSD in oversold area. My attention is to try get some pips at the upper level and we can focus buy on this week. (both pairs went up more than 60pips)

Update 17 May : u can sell GBPUSD at 1.6143 (see last week friday's lowest point).
Other than that please see signal above, i've come up with sell signal on EU and EJ.
* i like to see EURUSD bounce up again, maybe break 1.4240. (hit target)

For usdcad, it quite high for now, maybe its going down and then we can focus on buy again.

Update 18 May : GBP has a chance to go up, u can try buy at 1.6295, or sell at 1.6182.
(hit sell +12pips)

Update 19 May : GBP has a chance to go up, u can try buy at 1.6261. If u like to take some risk, start buy at 1.6230 (take profit 10-12pips) (hit target +12pips)

Meanwhile EURUSD also can rise again and enter buy at 1.4367. For EURJPY, buy at 117.20.
(EJ on target, EURUSD cancel order)

Update 20 May : Buy EURUSD at 1.4367, take profit 10-11pips. (cancel order)

good luck :D


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