IS IT TIME TO BOOK PROFITS IN FOREX MARKETS?

Congratulations to all, who are regular readers of this blog. Hope you enjoying good profits. Forex major pairs reacted mostly according to our predictions. Now the question is whether to book profits here or keep your positions on? Eur usd was predicted to trade with a bullish bias the pair is currently trading around 1.10550, is the Top near? Gbp usd was recommended to buy on dips, should we continue to do that? Usd jpy was recommended to sell on rallies, pair is fetching great profits, thank you very much Usd jpy, made a low around 107.300. Next pair giving our readers a great profits is Usd chf. Pair is currently trading around 0.96300. To buy on dips strategy was recommended in Aud Usd, should we continue to do the same. The pair’s current price is 0.65110. The same was recommended in Nzd usd, i.e., to buy on dips, pair is currently trading around 0.62200. Let’s discuss about the fate of forex major pairs.

Following is in detail, is it time to book profits in forex markets?

Eur usd :– Eur usd was recommended to buy on dips in our previous posts . The pair is fetching good profits for our readers. The current price is around 1.10550. Should we book profits in the pair and start selling the pair from here? The answer is yes. Traders should book full profits here and start selling the rallies. The pair is hitting it’s resistance lines. The Top is very much near according to our belief. We are going to book profits today and also to start selling from the current price.

Gbp Usd:– Gbp usd eroded most of it’s gains last week, as stated in the previous post that the pair is trading above it’s support lines and to buy on dips was recommended. The pair continued to trade with a bearish bias, made a low around 1.27200, currently trading around 1.28200. Is the buy on dips strategy still valid in this pair or the weakness will persist? The answer is to buy on dips strategy is still valid in this pair, the pair is expected to trade with a bearish bias for some time, but the weakness should be short lived, no need to worry at all. We are buying this pair on every dip according to our capabilities.

Usd Jpy :– Usd Jpy is the pair in which we sold rallies from 110 to 112.200 and recommended the same to our readers as stated in our previous post. The bullishness in the pair was a trap for buyers and is proved this week. The break of 111.260 was an evidence of the short term Top. The pair behaved exactly according to our predictions, made a low of around 107.300, currently trading around 107.700. Now the question is whether we should book profits here and start picking on dips or the weakness should persist. The answer is, it’s high time to book profits and to start buying the pair on every dip. We already booked profits around 107.400 and also started to buy from there.

Usd chf :– In Usd chf we recommended sell on rallies from 0.98200 and above. Luckily the pair made a Top there. I used a word luckily because this pair used to spend more time in consolidations but this time not. The pair backed off from it’s recent highs and made a low around 0.96100. Should we book profits here and start buying the dips? The answer is yes, traders should book their profits here and start buying on dips from here, the consolidations may be long and frustrating but the pair will fetch you good money in the end. We have no positions in this pair.

Aud usd :– Aud Usd is the pair in which we recommend to buy on dips on every weakness, the pair’s weakness was more than our expectations, but as deeper is the low more is the possibility of profit. The weakness should be taken as an opportunity to make profits. The pair is currently trading around 0.65300, making a low around 0.64200. To buy on dips strategy is still valid in this pair to earn decent profits. We are buying this pair on every dip.

Nzd Usd :— In Nzd Usd we recommended to buy on dips in our previous posts. The pair made a low around 0.61900, currently trading around 0.62400. The pair is currently trading around it’s support lines, once the pair bounce from there the profit potential will be unlimited. Deeper is the low more is the possibility of profit. No need to worry if pair trades with some bearish bias, take it as an advantage to make profits. We have no positions in this pair.

Stay tuned for more in, is it time to book profits in forex markets? for ad hoc updates.

DISCLAIMER :- Forex trading involves significant amount of risk, may not suitable for all. However the above information is deemed to be reliable, traders should trade according to their risk and money management.