Some of Yesterday Recommended Trades By Acetrader

[acetraderfx]

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Update Time: 23 Aug 2010 07:43GMT
INTRA-DAY EUR/JPY OUTLOOK - +108.25+

Euro's intra-day weakness to 108.44 suggests the
recovery fm Friday's 108.25 low has ended earlier
at 109.08 n resumption of recent decline to re-test
said sup is seen after consolidation, 107.70/80 wud
hold due to nr term loss of momentum.

Trade fm short side with stop as indicated, abv
wud risk another corrective rise twd 109.08...

Rate: +108.25+
Strategy: +Target met+
Position: Short at 108.65
Objective: 108.25
Stop-Loss:
Resistance: 109.08/109.34/109.63
Support: 107.80/107.30/107.00

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Update Time: 23 Aug 2010 07:42GMT
INTRA-DAY USD/CHF OUTLOOK - +1.0350+

Despite dlr's brief drop to 1.0302 in European
morning, current rebound suggests further choppy
consolidation inside 1.0257-1.0393 broad range wud
continue with upside bias n gain to 1.0350/60 is
likely, break wud encourage for gain to 1.0393 res.

Trade fm long side with stop now as indicated,
break wud risk stronger pullback to 1.0286.

Rate: +1.0350+
Strategy: +Target met+
Position: Long at 1.0315
Objective: 1.0350
Stop-Loss:
Resistance: 1.0376/1.0393/1.0443
Support: 1.0302/1.0286/1.0257

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Update Time: 23 Aug 2010 07:30GMT
INTRA-DAY GBP/USD OUTLOOK - +1.5575+

Despite cable's brief rise to 1.5620, current
retreat suggests recovery fm last Friday's low of
1.5464 has possibly formed a top there n consolida-
tion with downside bias is seen for weakness to
1.5552 but break needed to confirm, 1.5510.

Trade fm short side with stop now as indicated,
break wud risk stronger retrace. to 1.5634, 1.5650.

Rate: +1.5575+
Strategy: +Target met+
Position: Short at 1.5605
Objective: +1.5575+
Stop-Loss:
Resistance: 1.5620/1.5672/1.5703
Support: 1.5552/1.5510/1.5498
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