10am Pip Round – Up 09|18|2006

GBP/USD

Execution Idea:Execute as a Real position with an entry @ below 1.8746 and absolute exit @ 1.8608. Targets for this trade can be configured @ T1 1.8692, T2 1.8658, T3 1.8608. Stop loss can be configured @ 1.8810/15. Please keep in mind that stop loss configurations should be executed as money management rules suggest.

Performance: This trade execution did not come into play and all Traders should still be in safe waters above the suggested 1.8746. The sentiment as of this writing remains bearish and I will not be changing this view unless price closes above 1.8850.

EUR/USD

Execution Ideas:Execute as a Real position with an entry @ below 1.2635 and absolute exit @ 1.2577. Targets for this trade can be configured @ T1 1.2609, T2 1.2577, T3 not charted. Stop loss can be configured @ 1.2692. Please keep in mind that stop loss configurations should be executed as money management rules suggest.

Again, the price action was no with the bears as anticipated however; price remained under the Kumo on the 1D and 4H charts giving still a “bearish” view, so my overall sentiment has not changed. We did not get below 1.2635 the suggested entry zone so we are still safe and watching price action in the single pair.

EUR/JPY

Execution Ideas: sideline

Conclusion: There were no positions opened to track..

Good Luck Trading!