Forex Profit Alert: July 28, 2008

July 28, 2008 · Print This Article

The GBP/USD gap trade was closed out at a profit and the other leg was closed out at breakeven.

No Movers trades for this next session. We will have one later this week, so keep an eye out for it.

The GBP/USD is two sessions away from creating a new pivot low point. This would signal a new pending short trade. The EUR/USD moved higher away from the pivot low, so we will have to wait until this pair decides on a direction. In another two sessions the EUR/USD could have a new pivot low created. We currently have six pending pivot trades.  

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