Daily Trading Tips by Terry - Thursday 13th June

[TAllen1429]

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 recorded a 3.5 month high earlier this morning as the US Dollar continued to weaken across the board. However, a rally in the last couple of hours has witnessed the greenback pare its losses.

The pair has just tested its lower Bollinger Band before bouncing higher. Look now to execute a CALL binary option if price climbs above 1.3365.


USD/JPY: A rout in the Japanese stock markets overnight caused the greenback to extend its losses against the Yen for the third consecutive day. The USD/JPY plunged by almost 130 pips to record lows not seen since the start of April.

After probing its lower Bollinger Band, the pair has just undergone a minor relief rally. Consider selling the USD/YEN if price now plummets beneath 93.80.


Gold Trading: Nervous investors look poised to push the price of bullion higher for a second successive day by opting to reduce their risk appetite.

This precious metal has just positively bounced against its lower Bollinger Band before heading higher. Activate a CALL binary option based on gold if a clean break above $1,388.20 is achieved.


GBP/USD: Cable appears set to climb higher today to extend its three day bullish streak. The pair has just surged above its middle Bollinger Band within the last couple of hours.

Consider buying this pair if price can now sustain a clean break above 1.5700.

[TAllen1429]

GBP/USD tip has just been activated.


Direction: CALL
Opening Price: 1.56987
Expiry Time: 1 hour
Payout Ratio: 80%
Wagered: 2% of equity

[TAllen1429]

Despite an initial surge higher, a sharp retraction occurred later producing an 'out-of-the-money' result.

[milos]

GBP/USD tip has just been activated.


Direction: CALL
Opening Price: 1.56987
Expiry Time: 1 hour
Payout Ratio: 80%
Wagered: 2% of equity

You always use expiry time 1 hour.GBPUSD today breaks 1.57 and later pullback below 1.57.

[TAllen1429]

Yes, I do for intra-day trades.