FOREX TRADE ALERT
FOREX TRADE ALERT
for
EUR/CHF and AUD/JPY
04.23.2009.
EUR/CHF
Produced: Thursday, April 23, 2009
- Place a buy stop to buy 1 unit if price rises to 1.5237.
- Green Line Long Exit Strategy : Close all long positions on close if price falls to 1.5172.
- Place a sell stop to sell 1 unit if price falls to 1.5075.
- Green Line Short Exit Strategy : Close all short positions on close if price rises to 1.5158
AUD/JPY
Produced: Thursday, April 23, 2009
- Place a buy stop to buy 1 unit if price rises to 73.472 or higher.
- Place a sell stop to sell 1 unit if price falls to 68.034 or lower.
- Green Line Short Exit Strategy : Close all short positions on close if price rises to 70.639 When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
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