
“The hard, cold reality of trading is that every trade has an uncertain outcome.”
This quote encourages Traders to develop a probabilistic mindset, which is essential for long-lasting success in the financial markets.



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GBP/USD Signal – GBP Markit Manufacturing PMI – 01 Mar 2021
USD/CHF Signal – CHF Real Retail Sales – 01 Mar 2021
GBP/USD signal – GBP Markit Manufacturing PMI – 01 Mar 2021
Summary
Entry Price: 1.39610
Take Profit: 1.40020
Stop Loss: 1.38770
Direction: Buy
Result: Open
The GBP/USD is trading to the upside today prior to the GBP Markit Manufacturing PMI. The PMI manufacturing released by both the Chartered Institute of Purchasing & Supply and Markit Economics is an indicator of the economic situation in the UK manufacturing sector. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the GBP/USD into the 1.40020 level.
USD/CHF Signal – CHF Real Retail Sales – 01 Mar 2021
Summary
Entry Price: 0.90856
Take Profit: 0.91200
Stop Loss: 0.90400
Direction: Buy
Result: Open
The USD/CHF is trading to the upside today prior to the CHF Real Retail Sales. The Retail Sales is conducted by the Swiss Federal Statistical Office. The retail sales is a survey of goods sold in the last month and serves as an indicator of the Swiss consumer demand. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the USD/CHF into the 0.91200 level.


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