For the GBPJPY trade that I have shown you in my previous post, the trade hit our breakeven stop loss.
After that I have entered 2 SELL trades on the GBPUSD and GBPJPY as it has triggered our entry and I exit them at 35 pips profit each making us a 70 pips profits.
If you are interested to join my trade copier, you can take a look at the link below
For this coming Monday, below is my analysis
For the EURUSD, it has turned back to a strong down trend but the fact that the 100 EMA has crossed above the 400 EMA make it a strong possibility that the price will move up again like what happened on the GBPJPY. (You can see my GBPJPY analysis below)
The 100 EMA has earlier crossed below the 400 EMA and then crossed up again. On Friday, the price suddenly move down and the 100 EMA crossed back the 400 EMA again which is what I think might happen to the EURUSD.
For this pair, I will wait for the price to move up to test the major resistance at 156.666 before I enter a SELL trade.
For this pair, the price is back to test the major support.
What I will do is to see if the price manages to break through it and how it behaves after it.
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