I am going to share a couple of levels with you today.

Trade One

First is the USDCAD, looking to buy around the 1.0120/30 area targeting a move back up to 1.0250.  For intraday traders set a stop around 1.0075.

Trade Two

Second is the EURJPY. I will likely take a sell in the 160.30/50 area targeting 158.30/40. For Intraday Traders place stop around 160.90.

The above trades are based on order flows from banks meaning that the likelihood of a reversal is strong; however, banks can pull orders and occasionally if there is enough volume orders can be absorbed. I will try to post trades that I feel are 90% success rate on this forum since I can post updates in real time. You should not trade either of the trades if they do not fit your current risk profile. 

These are just two of many levels that I am watching.

This entry was posted on Monday, April 14th, 2008 at 10:52 am and is filed under Bank Flow Trade Calls. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.