Trade Setup Week 2 January 2008
For this week I would only trade on 3 pairs. They are Eur/Usd, Usd/Chf and Usd/Jpy.
Eur/Usd
At the moment is having difficulty to rise forcing for a correction soon. The trade would be to short Eur/Usd @ 1.4700 or better.
Usd/Chf
No confirmation at the moment but trade setup is close to perfect. Long Usd/Chf @ 1.1150 or better
Usd/Jpy
Currently the only Jpy pair that I would trade. No confirmation yet but if all goes well I would Long Usd/Jpy @ 109.00 or better.
As usual forex is a risky business. Protect yourself at all time. Use stop loss appropriately
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