• Matthew Spurr

Trades to Watch- 25th Feb


Hi Traders,


Just updating you on a couple of trades that I've just entered.


I will be holding these over the weekend.


Trade #1


Asset: USD/CHF

Direction: Short

Trade Logic: Bearish engulfing candle formed at the resistance zone 9070.0. Pullback, entering with the overiding trend direction on the daily charts.

Entry: 9047.3 (2 positions)

SL 1 & 2: 9100.0 (Above bearish engulfing candle and 200 EMA)

TP 1: 8990.0 (S/R zone)

TP 2: 8920.0 (S/R zone)

Plan Notes: If TP 1 is hit then I'll move the open SL order to just over break even and target TP2


Trade #2




Asset: GBP/USD

Direction: Short

Trade Logic: Bearish engulfing candle formed at the resistance zone 14135.0. counter trend direction on the daily charts, potentially signalling a pullback after a period of strength.

Entry: 14000.0 (2 positions)

SL 1 & 2: 14200.0 (Above bearish engulfing candle and daily resistance line)

TP 1: 13873.0 (slightly above S/R zone)

TP 2: 13590.0 (slightly above S/R zone)

Plan Notes: If TP 1 is hit then I'll move the open SL order to just over break even and target TP2


Hope these pan out for you traders


I'm also currently:


Long - Natural Gas, Brent Crude, USD/CAD and EUR/USD

Short - Australia 200

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