Profitable Monday
The euro surged to a high of 1.0497 which was more than 100 pips from our yesterday’s long entry level and thus provided euro bulls a good profit. However, the common currency refrained from a break above 1.05 while trading today again below 1.04.
Also, our short position in the DAX has hit its profit target. As long as the index remains below 14500, we for the downtrend.
Our trading ideas for today 29/11/22:
EUR/USD
Long @ 1.0410
Short @ 1.0320
GBP/USD
Long @ 1.2025
Short @ 1.1975
DAX® (GER40)
Long @ 14480
Short @ 14420
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
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