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Forex Profit Alert: July 22, 2008

July 22, 2008 · Print This Article

The USD/CHF came within twenty-five pips of a key breakout level. However, it closed fifty pips from this point. If the pair does not pull back, I’m looking for it to push through this point during the next session. The USD/JPY moved higher to close up for this session. By closing up, the USD/JPY form a new pivot low point. 

All four major pairs formed an outside bar today, with the dollar showing strength across the board.

We have eight pending pivot trades. Remember to place your stop loss with your buy/sell orders. This will ensure that you are out if the market goes against you.    

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Written by Jason Fielder · Filed Under Forex Profit Alerts 
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Comments

2 Responses to “Forex Profit Alert: July 22, 2008”

  1. Angus Phay on July 22nd, 2008 7:52 pm

    Can I confirm that the posted alert comes at end of trading day…ie..for the above USD/CHF alert, it is done at end of 22nd April EST close and good for next day trading 23rd July?

  2. Jason Fielder on July 23rd, 2008 9:13 am

    Hi Angus,

    Thanks for the post. You are correct that alerts are good for the next session.

    Good trading,
    Jason Fielder

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