Forex Profit Alert: February 23, 2009

All four major pairs gapped at the open yesterday. The USD/JPY gap trade produced a profit of +38 pips. The EUR/USD gap trade produces a profit of +28 pips. The GBP/USD gapped down and created a +28 pip profit on the first leg. The second leg is still open. The USD/CHF gap trade produced a +66 pip profit.

The USD/JPY has a pending short pivot trade. The EUR/USD has a new pending short trade. The GBP/USD has a pending long pivot trade and a pending pivot trade. There is a pending short pivot trade in the USD/CHF.

There are no significant news announcements for tomorrow’s session.  

Members login to view this content. (Not a member? Join today!)