EURUSD. The daily chart. A pair consolidating. You can try to put buy stop order on the 1.4148 level, put stop-loss order just below 1.4080 in this case. You can try to put sell stop order on the 1.4083 level, put stop-loss order above 1.4150 in this case. There are many false alarms possible during consolidation. It makes trading difficult. I recommend to use the tactic of re-entry.


GBPUSD. A daily chart. A pair is trading in the upstream channel. You can try to put buy stop order on the 1.6245 level, put stop-loss order just below 1.6110 in this case. You can try to put sell stop order on the 1.6112 level, put stop-loss order above 1.6245 in this case. I recommend to use the tactic of re-entry.
 

Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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