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  1. #1
    Specialist Member TAllen1429's Avatar

    Daily Trading Tips by Terry - Friday 28th June !!!

    Recommendations:

    Use an expiry time of 1 hour plus.
    Risk no more than 2% of your account balance.
    Tips are tradable until 4.00pm EST today.
    Trade just one Tip at a time


    EUR/USD: End of quarter positioning enabled the Euro to strengthen against the US dollar this morning with the pair climbing higher after bouncing against four-week lows. The EUR/USD surged earlier during the session to challenge its upper Bollinger Band before being rejected by that level.

    After undergoing a minor corrective dip, the pair has just rebounded against its middle Bollinger Band and is now progressing higher. As such, open a CALL binary option structured on the EUR/USD if price climbs above 1.3080.


    USD/JPY: This pair extended its gains for the second consecutive day by climbing over 50 pips overnight to break above its psychologically important level of 99.00. In the last few hours, the USD/JPY has emphatically rebounded against its middle Bollinger Band before surging higher.

    Further strength now definitely looks on the cards. Buy the USD/JPY if a confirmed break of 99.45 is achieved.


    Gold Trading: This precious metal is well on course to register its worst quarterly performance since the late 1960s as Fed intentions are reducing its hedging appeal against inflation. Bullion again weakened earlier this morning to test its lower Bollinger Band.

    Consider executing a PUT binary option using gold as its underlying asset if price can now plunge beneath $1199.80.


    GBP/USD: Cable slumped during the night to probe its lower Bollinger Band. However, the pair was firmly rebuffed by that level by rebounding higher and undergoing a corrective rally.

    After being assertively rejected by its middle Bollinger Band in the last couple of hours, the GBP/USD has now recommenced its journey downwards. Look to sell this pair on a clean break below 1.5220.

  2. #2
    Specialist Member TAllen1429's Avatar
    EUR/USD tip has just been activated.

    Direction: CALL at 7.32am EST
    Opening Price: 1.30705
    Expiry Time: 1 hour
    Payout Ratio: 80%
    Wagered: 2% of equity

  3. #3
    Specialist Member TAllen1429's Avatar
    Great, managed to reverse a 2-day losing streak. Trade posted 1.3084 at expiration producing an 'in-the-money' result.

    The fundamental analysis of the EUR/USD that I used to select this tips was as follows:

    'End of quarter positioning enabled the Euro to strengthen against the US dollar this morning with the pair climbing higher after bouncing against four-week lows. The EUR/USD surged earlier during the session to challenge its upper Bollinger Band before being rejected by that level.

    After undergoing a minor corrective dip, the pair has just rebounded against its middle Bollinger Band and is now progressing higher. '

  4. #4
    Legendry Member milos's Avatar
    EURUSD today was a good position for put option in entry level by 1.31000 but I was to late.

  5. #5
    Specialist Member TAllen1429's Avatar
    Quote Originally Posted by milos View Post
    EURUSD today was a good position for put option in entry level by 1.31000 but I was to late.
    Yes, that would have been a good position to take. When the US dollar began to strengthen, this happened quite quickly. Gold's performance was similar.

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