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Trader, analyst and instructor with a 6-year experience

Danske Bank: trade signals for May 12

Open positions:*

USD/JPY: Hold LONG at 119.90, TAKE PROFIT 121.67, STOP LOSS 119.03

AUD/USD: Hold LONG at 0.7950, TAKE PROFIT 0.8185, STOP LOSS 0.7850

EUR/CHF: Hold LONG at 1.0395, TAKE PROFIT 1.0546, STOP LOSS 1.0345

GBP/JPY: Hold LONG at 184.50, TAKE PROFIT 189.71, STOP LOSS 184.37 (revised)

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7276 (revised), STOP LOSS 0.7530

Trade ideas:

EUR/USD: BUY at 1.1108, TAKE PROFIT 1.1289, STOP LOSS 1.1050

EUR/JPY: BUY at 133.55, TAKE PROFIT 135.38, STOP LOSS 133.08

GBP/USD: BUY at 1.5523, TAKE PROFIT 1.5682, STOP LOSS 1.5460

USD/CHF: SELL at 0.9394, TAKE PROFIT 0.9203, STOP LOSS 0.9450

EUR/GBP: SELL at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320

USD/CAD: Possibly SELL

EUR/CAD: Possibly BUY

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*Danske Bank applies trailing stop orders (moved together with the price)

EUR
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