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Posible profitable trades for today 03/05/2015

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Today we are waiting for the data from the Europe Central Banks, first expecting is the UK Central Bank at 14:00 and Europe Central Bank at 14.45.The greatest impact will be the press conference of the president Mario Draghi at 15.30.That means that we are going to have high volatility and movements.

EUR/USD, GBP/USD, EUR/AUD ,EUR/JPY trends are going to keep their descending and the high volatility will give us a good opportunity for short positions .At the moment the pairs are sold out and there is a risk of entrance,we can't place a stop and the volatility will get us out quickly from the market.

Our strategy today is to stand apart from the market ,waiting the data ,followed the rules that the data confirm the trend.We will trade the trend but expecting better levels for short.


 Varchev Traders
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