FOREX DAILY TRADING SIGNALS

FOREX DAILY TRADING SIGNALS
FOREX DAILY TRADING SIGNALS

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Sunday, May 31, 2009

SELL EURCAD, 31ST MAY 2009

TRADE ALERT

CURRENCY PAIR: EURCAD

TRADE DIRECTION: SELL

TYPE OF TRADE: LONG-TERM

TRADE SIGNAL TYPE: TECHNICAL METHOD

TIMEFRAME: MONTHLY

SELL @: 1.5429

TARGET/EXIT: 1.4429 ( ie +1000pips)

STOPLOSS: -

CURRENT TRADE STATUS: TRADE IS CURRENTLY ON


TRADE SUMMARY:
This is a breakout trade of an ascending channel towards a descending direction. Bear in mind that this trade is to last for weeks and even months. So, get ready for a long term trade and don’t close your trade until we feel that the signal does not exist anymore. Thus, visit our website regularly for an up to date post on when to exit or close this trade. Don’t panic if you see yourself loosing up to -300points. That will not make us to close any trade but we will close any trade in-which the signal had ceased to exist. When we close the trade, we will post it here to inform our traders of this development and also, when we make any readjustments within a trade in terms of raising our stoploss, we will also post it here. Hence, your job is to visit our site regularly for an up-to date posts about this open currency. And since this is a long-term trade, we advice that you use a very low margin (0.01 or 0.1 is advisable) in order not to be cut out since there may be a case of upto -400pips fluctuation against the opened trade before the currency can begin to go in the right direction or in your favour.

To learn about how we generate and confirm these signals, visit http://philopaul4u.com/forexsignalgenerator.htm








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