Market Update

Hi friends,

Here is a quick update about my calls lately and what I think we should do with them.

1- NZDUSD – I was looking short this pair because of all the reasons mentioned but it pushed higher again. This trade failed and I will look for better opportunities. The risk/reward here was amazing and I definitely think it still worth to watch for next divergence to form. The short will be huge.

2- USDJPY – The pair did close below 94 and right now is traded around 92.7 I think we should take 60-80% profit and set the SL to break even. Final target is 91.40-50 range and not 91.2

3- EURCAD – I called a top at 1.3650 on one of my posts and right now it is at 1.3370. I think we should take 60-80% profits, break even the stop loss and set 1.3260 as final target.

4- EURJPY + GBPJPY – I keep them based on investor’s style for long run of course.

5- DAX – I am still on bearish opinion and keep my short for LONG run.

The other pairs I will keep updated on my weekly review.

I wish you wonderful forex trading.

If you have any opinion/comment, please share.

Yours,

Vladimir Ribakov
http://www.vladimirforexsignals.com/